Unisys (NYSE:UIS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Unisys (NYSE:UISGet Rating) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the information technology services provider’s stock.

Separately, Maxim Group lowered Unisys from a buy rating to a hold rating in a report on Friday, February 24th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $12.33.

Unisys Price Performance

Shares of UIS stock opened at $3.42 on Thursday. Unisys has a 12 month low of $3.33 and a 12 month high of $23.10. The stock has a 50 day moving average of $5.07 and a 200-day moving average of $6.17. The company has a current ratio of 1.43, a quick ratio of 1.41 and a debt-to-equity ratio of 22.74.

Unisys (NYSE:UISGet Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The information technology services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.52. Unisys had a negative return on equity of 102.61% and a negative net margin of 5.35%. The company had revenue of $557.00 million during the quarter, compared to analyst estimates of $533.73 million. During the same period in the previous year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UIS. Neuberger Berman Group LLC raised its stake in shares of Unisys by 28.7% in the third quarter. Neuberger Berman Group LLC now owns 5,047,277 shares of the information technology services provider’s stock valued at $38,133,000 after purchasing an additional 1,125,893 shares in the last quarter. Vanguard Group Inc. raised its stake in Unisys by 5.0% during the third quarter. Vanguard Group Inc. now owns 9,111,798 shares of the information technology services provider’s stock worth $68,795,000 after acquiring an additional 433,475 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Unisys by 727.9% during the first quarter. Goldman Sachs Group Inc. now owns 459,436 shares of the information technology services provider’s stock worth $9,929,000 after acquiring an additional 403,944 shares in the last quarter. Boundary Creek Advisors LP raised its stake in Unisys by 34.4% during the third quarter. Boundary Creek Advisors LP now owns 1,481,564 shares of the information technology services provider’s stock worth $11,186,000 after acquiring an additional 379,066 shares in the last quarter. Finally, Kovack Advisors Inc. raised its stake in Unisys by 151.5% during the fourth quarter. Kovack Advisors Inc. now owns 627,214 shares of the information technology services provider’s stock worth $3,205,000 after acquiring an additional 377,864 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Unisys Company Profile

(Get Rating)

Unisys Corp. is an information technology solutions company that delivers successful outcomes for the most demanding businesses and governments. The firm offers digital workplace solutions, cloud and infrastructure solutions, enterprise computing solutions and business process solutions. It operates through the following business segments: Digital Workplace Solutions (DWS), Cloud & Infrastructure Solutions (C&I), and Enterprise Computing Solutions (ECS).

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