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

StockNews.com lowered shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a research note published on Saturday morning.

Unisys Stock Performance

UIS opened at $7.43 on Friday. The stock has a market capitalization of $515.34 million, a P/E ratio of -1.31, a P/E/G ratio of 1.55 and a beta of 0.73. Unisys has a 52-week low of $2.85 and a 52-week high of $8.12. The company’s 50-day simple moving average is $5.89 and its two-hundred day simple moving average is $5.09.

Unisys (NYSE:UIS) last posted 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). Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The business had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $486.50 million. During the same period last year, the business posted ($0.33) earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts forecast that Unisys will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UIS. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Unisys in the first quarter valued at approximately $133,000. BNP Paribas Financial Markets boosted its stake in Unisys by 20.2% during the first quarter. BNP Paribas Financial Markets now owns 64,808 shares of the information technology services provider’s stock worth $318,000 after buying an additional 10,888 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Unisys by 64.0% during the 1st quarter. GSA Capital Partners LLP now owns 203,615 shares of the information technology services provider’s stock valued at $1,000,000 after acquiring an additional 79,457 shares during the last quarter. Inspire Investing LLC raised its position in shares of Unisys by 26.9% during the 1st quarter. Inspire Investing LLC now owns 173,544 shares of the information technology services provider’s stock valued at $852,000 after buying an additional 36,805 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Unisys by 10.2% during the 1st quarter. Russell Investments Group Ltd. now owns 101,905 shares of the information technology services provider’s stock worth $500,000 after purchasing an additional 9,402 shares during the period. 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.