Unisys (NYSE:UIS) Downgraded by StockNews.com to “Hold”

Unisys (NYSE:UIS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Unisys Trading Down 3.3 %

NYSE:UIS opened at $6.54 on Friday. Unisys has a 12 month low of $3.32 and a 12 month high of $8.93. The stock has a market cap of $453.63 million, a price-to-earnings ratio of -1.16, a P/E/G ratio of 1.52 and a beta of 0.75. The company has a 50-day moving average price of $7.25 and a 200-day moving average price of $5.71.

Unisys (NYSE:UIS) last posted its quarterly earnings data 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). 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 the consensus estimate of $486.50 million. During the same period last year, the business earned ($0.33) EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts forecast that Unisys will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Unisys

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

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.