Brokerages Set Unisys Corporation (NYSE:UIS) PT at $5.67

Shares of Unisys Corporation (NYSE:UIS) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.6667.

A number of analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $4.00 target price on shares of Unisys in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research note on Monday. Finally, Wall Street Zen raised shares of Unisys from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th.

Unisys Price Performance

Shares of NYSE:UIS opened at $2.57 on Tuesday. The company’s 50 day simple moving average is $2.26 and its 200 day simple moving average is $2.74. The stock has a market capitalization of $185.53 million, a price-to-earnings ratio of -0.54, a price-to-earnings-growth ratio of 0.30 and a beta of 1.46. Unisys has a 1 year low of $1.97 and a 1 year high of $6.06.

Unisys (NYSE:UIS) last announced its quarterly earnings data 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. The business had revenue of $574.50 million for 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, analysts anticipate that Unisys will post 0.61 EPS for the current fiscal year.

Institutional Trading of Unisys

A number of hedge funds and other institutional investors have recently modified their holdings of UIS. IES Holdings Inc. bought a new stake in shares of Unisys during the fourth quarter worth $3,235,000. Millennium Management LLC grew its stake in shares of Unisys by 170.6% during the third quarter. Millennium Management LLC now owns 1,726,339 shares of the information technology services provider’s stock worth $6,733,000 after buying an additional 1,088,380 shares during the last quarter. Saba Capital Management L.P. grew its stake in shares of Unisys by 65.8% during the fourth quarter. Saba Capital Management L.P. now owns 1,551,487 shares of the information technology services provider’s stock worth $4,282,000 after buying an additional 615,632 shares during the last quarter. Assenagon Asset Management S.A. grew its stake 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 worth $2,779,000 after buying an additional 574,360 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Unisys by 36.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider’s stock worth $4,816,000 after buying an additional 468,340 shares during the last quarter. Institutional investors 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.