Unisys (NYSE:UIS) Earns Buy Rating from Needham & Company LLC

Unisys (NYSE:UIS)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a note issued to investors on Wednesday,Benzinga reports. They currently have a $4.00 target price on the information technology services provider’s stock. Needham & Company LLC’s price target suggests a potential upside of 63.27% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st. William Blair began coverage on Unisys in a report on Wednesday, December 10th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.67.

Unisys Price Performance

UIS opened at $2.45 on Wednesday. Unisys has a 1 year low of $2.11 and a 1 year high of $6.06. The stock has a 50-day moving average price of $2.69 and a 200-day moving average price of $3.20. The firm has a market cap of $174.71 million, a PE ratio of -0.51, a P/E/G ratio of 0.26 and a beta of 1.44.

Unisys (NYSE:UIS) last issued its earnings results on Tuesday, February 24th. The information technology services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.26. The business had revenue of $574.50 million during the quarter, compared to analysts’ expectations of $569.76 million. Unisys had a negative net margin of 17.42% and a negative return on equity of 26.77%. As a group, sell-side analysts anticipate that Unisys will post 0.61 EPS for the current year.

Institutional Trading of Unisys

Several institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its position in shares of Unisys by 415.5% during 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 buying an additional 574,360 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Unisys during the second quarter worth $438,000. Acadian Asset Management LLC grew its stake in Unisys by 7.7% during the second quarter. Acadian Asset Management LLC now owns 1,957,504 shares of the information technology services provider’s stock valued at $8,864,000 after acquiring an additional 139,896 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in Unisys by 744.5% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 113,392 shares of the information technology services provider’s stock valued at $514,000 after acquiring an additional 99,965 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Unisys by 725.6% in the 2nd quarter. Squarepoint Ops LLC now owns 203,317 shares of the information technology services provider’s stock valued at $921,000 after acquiring an additional 178,691 shares during 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.