Unisys (NYSE:UIS) Upgraded at Wall Street Zen

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

UIS has been the topic of a number of other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research report on Wednesday, January 21st. William Blair initiated coverage on Unisys in a report on Wednesday, December 10th. They set an “outperform” rating on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $4.00 price target on shares of Unisys in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Unisys has a consensus rating of “Hold” and a consensus target price of $5.67.

Unisys Price Performance

Shares of UIS opened at $2.43 on Friday. The business’s 50 day simple moving average is $2.69 and its 200-day simple moving average is $3.19. Unisys has a 1 year low of $2.11 and a 1 year high of $6.06. The stock has a market capitalization of $172.93 million, a price-to-earnings ratio of -0.51, a price-to-earnings-growth ratio of 0.23 and a beta of 1.44.

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

Hedge Funds Weigh In On Unisys

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in shares of Unisys during the second quarter valued at $53,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Unisys during the 2nd quarter worth about $438,000. Campbell & CO Investment Adviser LLC increased its position in Unisys by 744.5% during 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 purchasing an additional 99,965 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Unisys by 7.7% in the 2nd 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 purchasing an additional 139,896 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Unisys by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,796,445 shares of the information technology services provider’s stock valued at $8,140,000 after purchasing an additional 78,523 shares in the last quarter. 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.