Unisys (NYSE:UIS) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a research report sent to investors on Monday.

Separately, Canaccord Genuity Group decreased their price target on shares of Unisys from $7.00 to $6.50 and set a “hold” rating on the stock in a research report on Thursday, February 20th.

Unisys Stock Up 7.5 %

Shares of Unisys stock opened at $4.87 on Monday. The business has a fifty day simple moving average of $4.14 and a 200-day simple moving average of $5.90. Unisys has a fifty-two week low of $3.32 and a fifty-two week high of $8.93. The firm has a market cap of $346.10 million, a price-to-earnings ratio of -1.72, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Wednesday, April 30th. The information technology services provider reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.19. The company had revenue of $432.10 million during the quarter, compared to the consensus estimate of $441.20 million. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. Analysts anticipate that Unisys will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Barclays PLC raised 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. Virtu Financial LLC acquired a new position in shares of Unisys in the 3rd quarter valued at about $62,000. JPMorgan Chase & Co. increased its holdings in shares of Unisys by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider’s stock valued at $13,215,000 after purchasing an additional 38,572 shares during the period. Diversified Trust Co lifted its position in shares of Unisys by 12.4% in the fourth quarter. Diversified Trust Co now owns 21,613 shares of the information technology services provider’s stock worth $137,000 after purchasing an additional 2,380 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Unisys by 70.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 78,540 shares of the information technology services provider’s stock worth $497,000 after purchasing an additional 32,456 shares during the period. 86.87% of the stock is owned by hedge funds and other institutional investors.

About Unisys

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.