Unisys Corporation (NYSE:UIS) Receives $5.88 Average Target Price from Analysts

Unisys Corporation (NYSE:UIS) has received a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.8750.

Several research firms have issued reports on UIS. William Blair began coverage on Unisys in a report on Wednesday, December 10th. They set an “outperform” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research note on Wednesday, October 8th. Jefferies Financial Group assumed coverage on Unisys in a report on Monday, September 22nd. They issued a “hold” rating and a $4.00 price target on the stock. Needham & Company LLC dropped their price objective on Unisys from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Wall Street Zen downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th.

Unisys Trading Down 0.2%

UIS opened at $2.80 on Wednesday. The stock has a market capitalization of $199.31 million, a PE ratio of -0.60, a PEG ratio of 0.28 and a beta of 1.46. Unisys has a 1-year low of $2.37 and a 1-year high of $7.54. The firm has a 50-day moving average price of $3.04 and a two-hundred day moving average price of $3.76.

Unisys (NYSE:UIS) last announced its earnings results on Thursday, June 15th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. Unisys had a negative return on equity of 11.31% and a negative net margin of 17.10%.The company had revenue of $446.70 million for the quarter. On average, research analysts predict that Unisys will post 0.61 EPS for the current year.

Institutional Trading of Unisys

A number of institutional investors have recently bought and sold shares of the business. Virtu Financial LLC lifted its stake in shares of Unisys by 18.6% in the 1st quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 2,230 shares during the period. HighTower Advisors LLC increased its holdings in Unisys by 22.5% in the first quarter. HighTower Advisors LLC now owns 14,400 shares of the information technology services provider’s stock valued at $66,000 after purchasing an additional 2,643 shares during the last quarter. Cerity Partners LLC lifted its stake in Unisys by 12.4% in the second quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock valued at $112,000 after buying an additional 2,728 shares during the period. AlphaQuest LLC lifted its stake in Unisys by 56.9% in the first 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. Finally, Intech Investment Management LLC boosted its holdings in Unisys by 12.1% during the second quarter. Intech Investment Management LLC now owns 37,129 shares of the information technology services provider’s stock worth $168,000 after buying an additional 4,007 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

Unisys Company Profile

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.