Unisys Corporation (NYSE:UIS – Get Free Report) has earned a consensus rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $4.50.
A number of equities analysts recently weighed in on the stock. Needham & Company LLC lowered their price objective on shares of Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research note on Friday, July 17th. Wall Street Zen lowered Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research cut Unisys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th.
Read Our Latest Report on Unisys
Unisys Price Performance
Unisys (NYSE:UIS – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Unisys had a negative return on equity of 14.09% and a negative net margin of 21.65%.The company had revenue of $473.50 million for the quarter, compared to analysts’ expectations of $448.92 million. On average, equities research analysts expect that Unisys will post 0.57 EPS for the current year.
Insider Activity at Unisys
In other news, Director Philippe Germond sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $4.15, for a total transaction of $83,000.00. Following the completion of the transaction, the director directly owned 236,453 shares of the company’s stock, valued at approximately $981,279.95. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 43,846 shares of company stock valued at $156,102 in the last three months. Insiders own 11.56% of the company’s stock.
Hedge Funds Weigh In On Unisys
Several hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers acquired a new position in Unisys in the first quarter valued at $26,000. Abel Hall LLC acquired a new stake in shares of Unisys in the 1st quarter valued at approximately $27,000. Quarry LP boosted its position in shares of Unisys by 445.7% during 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. Royal Bank of Canada boosted its holdings in Unisys by 487.1% during the first quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock worth $29,000 after buying an additional 11,642 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Unisys during the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.
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.
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