Unisys (NYSE:UIS) Downgraded by Wall Street Zen to “Hold”

Unisys (NYSE:UIS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Maxim Group raised Unisys from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Monday, August 4th.

Unisys Trading Up 1.8%

Shares of UIS stock opened at $3.96 on Friday. The company’s fifty day moving average price is $4.27 and its 200-day moving average price is $4.62. The stock has a market cap of $282.31 million, a PE ratio of -3.36, a price-to-earnings-growth ratio of 0.53 and a beta of 1.31. Unisys has a 12 month low of $3.56 and a 12 month high of $8.93.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.53. The firm had revenue of $483.30 million during the quarter, compared to analyst estimates of $444.65 million. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%. During the same quarter in the previous year, the firm earned $0.16 EPS. On average, sell-side analysts forecast that Unisys will post 0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtus Fund Advisers LLC purchased a new stake in Unisys during the 4th quarter valued at $35,000. Quarry LP raised its holdings in Unisys by 985.8% during the 4th quarter. Quarry LP now owns 8,556 shares of the information technology services provider’s stock valued at $54,000 after buying an additional 7,768 shares during the period. AlphaQuest LLC raised its holdings in Unisys by 56.9% during the 1st quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider’s stock valued at $45,000 after buying an additional 3,523 shares during the period. Byrne Asset Management LLC purchased a new stake in Unisys during the 2nd quarter valued at $46,000. Finally, Pallas Capital Advisors LLC purchased a new stake in Unisys during the 1st quarter valued at $49,000. 86.87% of the stock is currently 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.