Unisys Corporation (NYSE:UIS) Receives $5.67 Average PT from Brokerages

Unisys Corporation (NYSE:UIS) has been assigned an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $5.6667.

Several equities analysts recently commented on the stock. William Blair started coverage on shares of Unisys in a report on Wednesday, December 10th. They set an “outperform” rating on the stock. Needham & Company LLC restated a “buy” rating and set a $4.00 price target on shares of Unisys in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st. Finally, Wall Street Zen raised Unisys from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th.

Unisys Trading Up 3.4%

UIS opened at $2.41 on Monday. The stock has a market capitalization of $171.86 million, a P/E ratio of -0.50, a PEG ratio of 0.26 and a beta of 1.44. The stock has a 50-day moving average price of $2.66 and a 200-day moving average price of $3.15. Unisys has a 12-month low of $2.11 and a 12-month high of $6.06.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cerity Partners LLC boosted its position in Unisys by 12.4% during the 2nd quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock valued at $112,000 after buying an additional 2,728 shares during the period. Intech Investment Management LLC raised its stake in shares of Unisys by 12.1% during the second quarter. Intech Investment Management LLC now owns 37,129 shares of the information technology services provider’s stock valued at $168,000 after acquiring an additional 4,007 shares during the last quarter. Calton & Associates Inc. boosted its holdings in shares of Unisys by 47.5% during the third quarter. Calton & Associates Inc. now owns 14,750 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 4,750 shares during the period. Pinnacle Holdings LLC boosted its holdings in shares of Unisys by 4.3% during the third quarter. Pinnacle Holdings LLC now owns 163,238 shares of the information technology services provider’s stock worth $637,000 after purchasing an additional 6,749 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Unisys by 7.2% in the third quarter. Alliancebernstein L.P. now owns 102,554 shares of the information technology services provider’s stock worth $400,000 after purchasing an additional 6,900 shares during the last quarter. 86.87% of the stock is owned by hedge funds and other institutional investors.

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.