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

Unisys Corporation (NYSE:UIS) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $5.6667.

UIS has been the topic of several research reports. William Blair initiated coverage on Unisys in a research report on Wednesday, December 10th. They issued an “outperform” rating on the stock. Needham & Company LLC reissued a “buy” rating and set a $4.00 price target on shares of Unisys in a report on Wednesday, February 25th. Wall Street Zen upgraded Unisys from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st.

Unisys Price Performance

Shares of UIS opened at $2.02 on Friday. The company’s 50-day moving average is $2.41 and its 200-day moving average is $2.95. The firm has a market capitalization of $145.74 million, a PE ratio of -0.42, a PEG ratio of 0.22 and a beta of 1.44. Unisys has a fifty-two week low of $2.00 and a fifty-two week high of $6.06.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, February 24th. The information technology services provider reported $0.86 EPS for the quarter, topping the consensus estimate 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 business had revenue of $574.50 million during the quarter, compared to the consensus estimate of $569.76 million. Analysts predict that Unisys will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Unisys

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP raised its stake in Unisys by 445.7% in the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 8,335 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Unisys during the 3rd quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Unisys by 100,000.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 10,000 shares during the period. PharVision Advisers LLC bought a new position in shares of Unisys during the third quarter worth approximately $39,000. Finally, AXQ Capital LP acquired a new stake in shares of Unisys in the fourth quarter valued at approximately $40,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

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.