Unisys (NYSE:UIS) Stock Rating Upgraded by StockNews.com

Unisys (NYSE:UIS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Unisys Stock Down 4.0 %

Shares of NYSE UIS opened at $7.00 on Monday. The firm’s 50-day moving average price is $7.11 and its 200-day moving average price is $5.59. Unisys has a 52-week low of $3.32 and a 52-week high of $8.93. The company has a market cap of $485.52 million, a PE ratio of -1.24, a PEG ratio of 1.51 and a beta of 0.75.

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

Institutional Investors Weigh In On Unisys

Hedge funds and other institutional investors have recently made changes to their positions in the business. Needham Investment Management LLC grew its position in Unisys by 7.9% during the third quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock valued at $29,820,000 after buying an additional 385,000 shares during the period. State Street Corp increased its stake in shares of Unisys by 13.2% in the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock worth $9,162,000 after purchasing an additional 188,630 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Unisys by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock worth $8,804,000 after purchasing an additional 10,277 shares in the last quarter. Federated Hermes Inc. raised its holdings in Unisys by 13.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after purchasing an additional 162,177 shares during the period. Finally, Newport Trust Company LLC lifted its position in Unisys by 0.5% during the second quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider’s stock valued at $5,389,000 after purchasing an additional 6,894 shares in the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Company Profile

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.