Zacks Research upgraded shares of Unisys (NYSE:UIS – Free Report) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.
Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th. Finally, Needham & Company LLC raised their price target on shares of Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.33.
Check Out Our Latest Stock Report on UIS
Unisys Stock Performance
Unisys (NYSE:UIS – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.12. The firm had revenue of $437.60 million during the quarter, compared to analyst estimates of $415.64 million. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. On average, research analysts forecast that Unisys will post 0.74 EPS for the current year.
Insider Transactions at Unisys
In related news, Director Philippe Germond sold 20,000 shares of Unisys stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $4.15, for a total value of $83,000.00. Following the sale, the director owned 236,453 shares of the company’s stock, valued at approximately $981,279.95. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 43,846 shares of company stock valued at $156,102. 11.56% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Unisys
Several institutional investors and hedge funds have recently added to or reduced their stakes in UIS. Cetera Investment Advisers acquired a new stake in Unisys during the 1st quarter worth $26,000. Abel Hall LLC acquired a new stake in Unisys during the 1st quarter worth $27,000. Quarry LP boosted its stake in 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 during the last quarter. Royal Bank of Canada boosted its stake in Unisys by 487.1% during the 1st quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 11,642 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Unisys during the 3rd quarter valued at about $30,000. Institutional investors and hedge funds 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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