Unisys Corporation (NYSE:UIS) Receives Consensus Rating of “Hold” from Analysts

Shares of Unisys Corporation (NYSE:UIS) have been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $5.6667.

A number of research analysts have recently weighed in on UIS shares. Needham & Company LLC restated a “buy” rating and set a $4.00 price target on shares of Unisys in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a report on Monday, April 20th.

Unisys Price Performance

Shares of NYSE UIS opened at $2.95 on Friday. Unisys has a one year low of $1.97 and a one year high of $5.07. The business’s 50-day moving average price is $2.50 and its two-hundred day moving average price is $2.63. The company has a market capitalization of $214.69 million, a P/E ratio of -0.61, a price-to-earnings-growth ratio of 0.27 and a beta of 1.60.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.12. The business had revenue of $437.60 million during the quarter, compared to analyst estimates of $415.64 million. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%. On average, equities analysts anticipate that Unisys will post 0.7 EPS for the current year.

Insider Activity at Unisys

In other Unisys news, Director Philippe Germond sold 16,080 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $3.02, for a total transaction of $48,561.60. Following the transaction, the director owned 256,453 shares in the company, valued at $774,488.06. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 11.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UIS. Royal Bank of Canada grew its position in shares of Unisys by 487.1% in the first quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 11,642 shares during the last quarter. Saba Capital Management L.P. increased its position in Unisys by 15.5% in the 1st quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock worth $3,709,000 after buying an additional 240,476 shares during the period. Lazard Asset Management LLC increased its position in Unisys by 43.0% in the 1st quarter. Lazard Asset Management LLC now owns 200,155 shares of the information technology services provider’s stock worth $414,000 after buying an additional 60,170 shares during the period. Sei Investments Co. lifted its holdings in shares of Unisys by 169.4% during the first quarter. Sei Investments Co. now owns 69,861 shares of the information technology services provider’s stock worth $145,000 after buying an additional 43,927 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Unisys during the first quarter worth approximately $26,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Unisys Company Profile

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.