Unisys (NYSE:UIS) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Unisys (NYSE:UIS) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Several other research firms also recently issued reports on UIS. Needham & Company LLC lifted their price target on Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.33.

Unisys Stock Performance

Shares of UIS stock opened at $3.41 on Monday. The stock has a fifty day moving average price of $3.70 and a 200 day moving average price of $2.94. The stock has a market cap of $248.61 million, a PE ratio of -0.70, a P/E/G ratio of 0.30 and a beta of 1.87. Unisys has a 1 year low of $1.97 and a 1 year high of $4.98.

Unisys (NYSE:UIS) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.12. The company had revenue of $437.60 million for the quarter, compared to the consensus estimate of $415.64 million. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%. As a group, equities research analysts predict that Unisys will post 0.74 earnings per share for the current year.

Insider Buying and Selling at Unisys

In other news, Director Philippe Germond sold 20,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $4.15, for a total value of $83,000.00. Following the completion of the transaction, the director directly owned 236,453 shares of the company’s stock, valued at $981,279.95. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 43,846 shares of company stock valued at $156,102 over the last ninety days. Insiders own 11.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Unisys by 487.1% in the 1st 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 in the last quarter. Saba Capital Management L.P. lifted its stake in shares of Unisys by 15.5% during the first quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock valued at $3,709,000 after buying an additional 240,476 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Unisys by 43.0% during the first quarter. Lazard Asset Management LLC now owns 200,155 shares of the information technology services provider’s stock valued at $414,000 after buying an additional 60,170 shares during the period. Sei Investments Co. boosted its position in 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 acquiring an additional 43,927 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Unisys during the first quarter worth approximately $26,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

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.