Unisys (NYSE:UIS) Cut to “Hold” at Wall Street Zen

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

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group initiated coverage on shares of Unisys in a research report on Monday, September 22nd. They set a “hold” rating and a $4.00 target price for the company. Maxim Group upgraded shares of Unisys from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Monday, August 4th. Needham & Company LLC initiated coverage on shares of Unisys in a research report on Wednesday, September 3rd. They issued a “buy” rating and a $6.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Unisys presently has an average rating of “Hold” and a consensus price target of $6.38.

Unisys Stock Up 3.1%

Shares of NYSE:UIS opened at $3.86 on Friday. The firm has a market capitalization of $274.82 million, a PE ratio of -3.27, a P/E/G ratio of 0.55 and a beta of 1.33. Unisys has a twelve month low of $3.51 and a twelve month high of $8.93. The company has a 50-day moving average price of $3.88 and a two-hundred day moving average price of $4.21.

Unisys (NYSE:UIS) last issued its earnings results on Thursday, June 15th. The information technology services provider reported ($0.02) earnings per share for the quarter. The business had revenue of $446.70 million for the quarter. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%. Analysts anticipate that Unisys will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Unisys

A number of institutional investors and hedge funds have recently bought and sold shares of UIS. AQR Capital Management LLC raised its stake in Unisys by 232.5% in the first quarter. AQR Capital Management LLC now owns 1,227,724 shares of the information technology services provider’s stock valued at $5,635,000 after purchasing an additional 858,516 shares in the last quarter. Whetstone Capital Advisors LLC purchased a new stake in Unisys in the first quarter valued at approximately $2,836,000. Assenagon Asset Management S.A. raised its stake in Unisys by 415.5% in the third quarter. Assenagon Asset Management S.A. now owns 712,581 shares of the information technology services provider’s stock valued at $2,779,000 after purchasing an additional 574,360 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Unisys by 18.9% in the second quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock valued at $7,768,000 after purchasing an additional 272,627 shares in the last quarter. Finally, Palisade Capital Management LP raised its stake in Unisys by 17.4% in the second quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider’s stock valued at $7,966,000 after purchasing an additional 260,716 shares in the last quarter. 86.87% of the stock is owned by hedge funds and other 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.