StockNews.com Downgrades Unisys (NYSE:UIS) to Hold

Unisys (NYSE:UIS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Unisys Price Performance

Shares of NYSE:UIS opened at $7.78 on Wednesday. Unisys has a 1 year low of $3.32 and a 1 year high of $8.49. The stock’s 50-day moving average is $6.51 and its 200 day moving average is $5.31. The company has a market cap of $539.64 million, a PE ratio of -1.37, a P/E/G ratio of 1.58 and a beta of 0.73.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.21). Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The company had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $486.50 million. During the same quarter in the prior year, the firm earned ($0.33) EPS. Unisys’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts expect that Unisys will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Unisys

Large investors have recently made changes to their positions in the business. Point72 DIFC Ltd bought a new position in Unisys in the 2nd quarter worth about $30,000. nVerses Capital LLC purchased a new position in Unisys in the 3rd quarter worth about $36,000. Cubist Systematic Strategies LLC purchased a new position in shares of Unisys during the second quarter valued at approximately $41,000. Oak Thistle LLC purchased a new stake in Unisys in the second quarter worth approximately $52,000. Finally, Creative Planning bought a new stake in Unisys in the 3rd quarter worth approximately $58,000. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

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.