Unisys Corporation (NYSE:UIS) Given Consensus Recommendation of “Hold” by Analysts

Unisys Corporation (NYSE:UIS) has received a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.8750.

A number of brokerages recently issued reports on UIS. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st. Wall Street Zen cut Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Needham & Company LLC cut their price objective on Unisys from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, William Blair began coverage on shares of Unisys in a report on Wednesday, December 10th. They issued an “outperform” rating for the company.

Unisys Price Performance

NYSE:UIS opened at $2.28 on Thursday. The firm has a market capitalization of $162.23 million, a PE ratio of -0.49, a price-to-earnings-growth ratio of 0.24 and a beta of 1.44. The business’s 50-day moving average is $2.83 and its two-hundred day moving average is $3.33. Unisys has a 12 month low of $2.23 and a 12 month high of $7.54.

Hedge Funds Weigh In On Unisys

A number of large investors have recently made changes to their positions in UIS. Kovack Advisors Inc. boosted its position in Unisys by 30.4% during the fourth quarter. Kovack Advisors Inc. now owns 1,199,250 shares of the information technology services provider’s stock valued at $3,334,000 after purchasing an additional 279,875 shares during the last quarter. Potomac Capital Management Inc. acquired a new position in Unisys in the fourth quarter worth approximately $264,000. Cerity Partners LLC bought a new position in Unisys during the fourth quarter valued at approximately $47,000. AXQ Capital LP acquired a new stake in Unisys in the fourth quarter valued at approximately $40,000. Finally, Newport Trust Company LLC increased its stake in shares of Unisys by 12.8% during the 4th quarter. Newport Trust Company LLC now owns 1,354,788 shares of the information technology services provider’s stock worth $3,739,000 after purchasing an additional 153,579 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

About Unisys

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.