Unisys (NYSE:UIS) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other equities analysts have also issued reports on UIS. Maxim Group raised Unisys from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Monday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research report on Wednesday, October 8th. Jefferies Financial Group initiated coverage on shares of Unisys in a research report on Monday, September 22nd. They issued a “hold” rating and a $4.00 price objective for the company. Finally, Needham & Company LLC initiated coverage on shares of Unisys in a research report on Wednesday, September 3rd. They issued a “buy” rating and a $6.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.38.

Unisys Stock Down 3.2%

NYSE UIS opened at $3.74 on Friday. Unisys has a 52-week low of $3.51 and a 52-week high of $8.93. The business’s 50-day moving average price is $3.88 and its 200 day moving average price is $4.21. The firm has a market cap of $266.41 million, a P/E ratio of -3.17, a P/E/G ratio of 0.57 and a beta of 1.33.

Unisys (NYSE:UIS) last released its quarterly earnings results on Thursday, June 15th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%.The company had revenue of $446.70 million for the quarter. As a group, analysts anticipate that Unisys will post 0.61 earnings per share for the current year.

Hedge Funds Weigh In On Unisys

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC raised its holdings in Unisys by 18.6% during the first quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider’s stock worth $65,000 after purchasing an additional 2,230 shares during the last quarter. HighTower Advisors LLC raised its holdings in Unisys by 22.5% during the first quarter. HighTower Advisors LLC now owns 14,400 shares of the information technology services provider’s stock worth $66,000 after purchasing an additional 2,643 shares during the last quarter. Cerity Partners LLC raised its holdings in Unisys by 12.4% during the second quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 2,728 shares during the last quarter. AlphaQuest LLC raised its holdings in Unisys by 56.9% during the first quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 3,523 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in 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 worth $168,000 after purchasing an additional 4,007 shares during the last quarter. 86.87% of the stock is owned by institutional investors and hedge funds.

About Unisys

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.