Unisys (NYSE:UIS) Cut to Hold at StockNews.com

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

Unisys Price Performance

Shares of UIS stock opened at $6.73 on Friday. The firm has a market cap of $466.65 million, a P/E ratio of -1.19, a PEG ratio of 0.73 and a beta of 0.79. The stock’s 50-day moving average is $7.04 and its two-hundred day moving average is $6.14. Unisys has a fifty-two week low of $3.32 and a fifty-two week high of $8.93.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in Unisys by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,123 shares of the information technology services provider’s stock worth $112,000 after buying an additional 2,119 shares during the period. Diversified Trust Co raised its position in shares of Unisys by 12.4% during the fourth quarter. Diversified Trust Co now owns 21,613 shares of the information technology services provider’s stock valued at $137,000 after buying an additional 2,380 shares during the last quarter. SG Americas Securities LLC increased its stake in Unisys by 17.7% during the fourth quarter. SG Americas Securities LLC now owns 26,899 shares of the information technology services provider’s stock valued at $170,000 after acquiring an additional 4,045 shares during the period. ProShare Advisors LLC raised its holdings in Unisys by 49.1% in the 2nd quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider’s stock valued at $74,000 after acquiring an additional 5,866 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Unisys in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds 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.