Unisys Corporation (NYSE:UIS) Receives Average Recommendation of “Moderate Buy” from Analysts

Unisys Corporation (NYSE:UIS) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.3333.

Several analysts have commented on UIS shares. Zacks Research upgraded shares of Unisys from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Wall Street Zen cut Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Needham & Company LLC boosted their target price on Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th.

Insider Transactions at Unisys

In other news, Director Philippe Germond sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $4.15, for a total transaction of $83,000.00. Following the sale, the director directly owned 236,453 shares of the company’s stock, valued at $981,279.95. This represents a 7.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 43,846 shares of company stock valued at $156,102. Insiders own 11.56% of the company’s stock.

Institutional Investors Weigh In On Unisys

Large investors have recently bought and sold shares of the business. Aquatic Capital Management LLC bought a new position in Unisys during the third quarter valued at $30,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Unisys by 100,000.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 10,000 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Unisys during the 3rd quarter valued at about $39,000. Quarry LP lifted its holdings in shares of Unisys by 445.7% in the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 8,335 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Unisys in the 1st quarter valued at about $26,000. Institutional investors own 86.87% of the company’s stock.

Unisys Price Performance

UIS stock opened at $4.08 on Friday. Unisys has a 1-year low of $1.97 and a 1-year high of $4.98. The business has a 50 day simple moving average of $3.54 and a two-hundred day simple moving average of $2.87. The company has a market capitalization of $297.07 million, a price-to-earnings ratio of -0.84, a PEG ratio of 0.32 and a beta of 1.87.

Unisys (NYSE:UIS) last released its quarterly earnings data 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. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. The firm had revenue of $437.60 million for the quarter, compared to analysts’ expectations of $415.64 million. Sell-side analysts anticipate that Unisys will post 0.74 EPS for the current fiscal year.

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.