Unisys Corporation (NYSE:UIS) Receives $5.88 Consensus PT from Brokerages

Shares of Unisys Corporation (NYSE:UIS) have received an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $5.8750.

Several research firms have recently issued reports on UIS. Needham & Company LLC dropped their price objective on shares of Unisys from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. William Blair started coverage on shares of Unisys in a research report on Wednesday, December 10th. They issued an “outperform” rating for the company. Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st.

Institutional Investors Weigh In On Unisys

Hedge funds and other institutional investors have recently bought and sold shares of the business. Newport Trust Company LLC raised its holdings in Unisys by 12.8% in the fourth quarter. Newport Trust Company LLC now owns 1,354,788 shares of the information technology services provider’s stock valued at $3,739,000 after acquiring an additional 153,579 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in Unisys during the fourth quarter worth $54,000. FNY Investment Advisers LLC bought a new stake in shares of Unisys during the 4th quarter valued at about $88,000. SG Americas Securities LLC acquired a new stake in Unisys during the fourth quarter worth about $76,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Unisys by 4.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 746,028 shares of the information technology services provider’s stock worth $2,059,000 after purchasing an additional 33,447 shares during the last quarter. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Unisys Stock Performance

UIS opened at $2.33 on Thursday. The company’s 50 day simple moving average is $2.85 and its 200 day simple moving average is $3.38. Unisys has a 1 year low of $2.25 and a 1 year high of $7.54. The stock has a market capitalization of $166.14 million, a PE ratio of -0.50, a P/E/G ratio of 0.24 and a beta of 1.44.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Wednesday, November 5th. The information technology services provider reported ($0.08) EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $491.90 million. As a group, sell-side analysts expect that Unisys will post 0.61 earnings per share for the current fiscal year.

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.