Unisys (NYSE:UIS) Posts Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Unisys (NYSE:UIS) issued its quarterly earnings results on Tuesday. The information technology services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.26, FiscalAI reports. The firm had revenue of $574.50 million for the quarter, compared to the consensus estimate of $569.76 million. Unisys had a negative return on equity of 11.31% and a negative net margin of 17.10%.

Unisys Price Performance

UIS traded up $0.01 during trading on Tuesday, reaching $2.14. 2,269,211 shares of the company’s stock were exchanged, compared to its average volume of 843,735. Unisys has a 1 year low of $2.11 and a 1 year high of $6.06. The company’s fifty day simple moving average is $2.72 and its 200-day simple moving average is $3.22. The stock has a market capitalization of $152.25 million, a P/E ratio of -0.46, a price-to-earnings-growth ratio of 0.23 and a beta of 1.44.

Wall Street Analysts Forecast Growth

UIS has been the subject of several research reports. William Blair initiated coverage on shares of Unisys in a research report on Wednesday, December 10th. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research report on Wednesday, January 21st. Finally, Needham & Company LLC dropped their price target on Unisys from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.67.

Institutional Investors Weigh In On Unisys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its stake in shares of Unisys by 445.7% in the fourth quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock worth $28,000 after buying an additional 8,335 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Unisys during the 3rd quarter worth approximately $30,000. PharVision Advisers LLC purchased a new position in shares of Unisys during the 3rd quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Unisys by 100,000.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 10,000 shares during the period. Finally, Cerity Partners LLC acquired a new position in shares of Unisys in the 4th quarter valued at $47,000. 86.87% of the stock is 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.