Unisys (NYSE:UIS) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a report issued on Wednesday morning.

Unisys Trading Up 0.9 %

Shares of UIS stock opened at $7.44 on Wednesday. The stock’s 50-day moving average price is $6.46 and its 200-day moving average price is $5.29. Unisys has a 12-month low of $3.32 and a 12-month high of $8.49. The stock has a market capitalization of $516.04 million, a price-to-earnings ratio of -1.31, a price-to-earnings-growth ratio of 1.61 and a beta of 0.73.

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

Hedge Funds Weigh In On Unisys

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Needham Investment Management LLC lifted its holdings in shares of Unisys by 7.9% in the 3rd quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock valued at $29,820,000 after acquiring an additional 385,000 shares during the last quarter. 272 Capital LP bought a new stake in shares of Unisys in the 3rd quarter valued at approximately $1,832,000. Vanguard Group Inc. boosted its holdings in shares of Unisys by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock worth $32,076,000 after purchasing an additional 300,941 shares during the period. Bank of Montreal Can increased its position in shares of Unisys by 738.6% during the 2nd quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider’s stock valued at $1,187,000 after purchasing an additional 253,108 shares during the last quarter. Finally, State Street Corp raised its holdings in Unisys by 13.2% during the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock valued at $9,162,000 after buying an additional 188,630 shares during the period. 86.87% of the stock is 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.