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

Shares of Unisys Corporation (NYSE:UIS) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $5.8750.

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

Unisys Stock Down 3.4%

NYSE:UIS opened at $3.27 on Friday. The firm’s fifty day simple moving average is $2.79 and its 200-day simple moving average is $3.56. The stock has a market cap of $232.81 million, a PE ratio of -0.71, a price-to-earnings-growth ratio of 0.35 and a beta of 1.38. Unisys has a fifty-two week low of $2.37 and a fifty-two week high of $7.54.

Unisys (NYSE:UIS) last released its quarterly earnings data on Wednesday, November 5th. The information technology services provider reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.05. Unisys had a negative net margin of 17.10% and a negative return on equity of 11.31%. The firm had revenue of $460.20 million for the quarter, compared to the consensus estimate of $491.90 million. Equities analysts anticipate that Unisys will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Unisys

A number of institutional investors and hedge funds have recently bought and sold shares of UIS. SG Americas Securities LLC acquired a new stake in Unisys during the 4th quarter valued at $76,000. Assenagon Asset Management S.A. boosted its stake in shares of Unisys by 4.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 746,028 shares of the information technology services provider’s stock valued at $2,059,000 after acquiring an additional 33,447 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Unisys by 31.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 999,409 shares of the information technology services provider’s stock worth $3,898,000 after purchasing an additional 237,922 shares in the last quarter. PharVision Advisers LLC acquired a new position in Unisys in the 3rd quarter valued at about $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Unisys by 100,000.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

About Unisys

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.