StockNews.com Downgrades Unisys (NYSE:UIS) to Hold

Unisys (NYSE:UIS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Unisys Trading Down 3.3 %

Shares of NYSE:UIS opened at $6.54 on Friday. The stock has a market capitalization of $453.63 million, a PE ratio of -1.16, a P/E/G ratio of 1.52 and a beta of 0.75. The firm has a fifty day moving average price of $7.25 and a 200 day moving average price of $5.71. Unisys has a 1 year low of $3.32 and a 1 year high of $8.93.

Unisys (NYSE:UIS) last released its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The firm had revenue of $497.00 million for the quarter, compared to the consensus estimate of $486.50 million. Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. On average, sell-side analysts forecast that Unisys will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. 272 Capital LP bought a new stake in Unisys in the third quarter valued at $1,832,000. Virtu Financial LLC bought a new stake in Unisys during the third quarter worth $62,000. Barclays PLC grew its position in Unisys by 127.6% during the third quarter. Barclays PLC now owns 126,819 shares of the information technology services provider’s stock valued at $722,000 after buying an additional 71,093 shares during the period. Geode Capital Management LLC raised its holdings in shares of Unisys by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock worth $8,804,000 after purchasing an additional 10,277 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Unisys by 212.7% during the 3rd quarter. XTX Topco Ltd now owns 67,436 shares of the information technology services provider’s stock worth $383,000 after acquiring an additional 45,869 shares during the period. 86.87% of the stock is owned by institutional investors.

Unisys Company Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.