Unisys (NYSE:UIS) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Unisys from “hold” to “buy.” Analyst opinion remains mixed, however, with two Buy and two Sell ratings; MarketBeat’s consensus is “Hold” with a $5 price target.
• Unisys reported quarterly EPS of -$0.12, beating the consensus estimate of -$0.21, and revenue of $471.5 million, above the $449.92 million estimate.
• UIS shares opened at $2.65, within a 52-week range of $1.97 to $4.98.

Unisys (NYSE:UIS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently weighed in on UIS. Weiss Ratings reissued a "sell (d-)" rating on shares of Unisys in a research note on Thursday, October 15th. Needham & Company LLC decreased their price target on Unisys from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Zacks Research downgraded shares of Unisys from a "hold" rating to a "strong sell" rating in a report on Thursday, October 15th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $5.00.

Unisys Stock Performance

Shares of UIS opened at $2.65 on Friday. The stock has a market cap of $192.87 million, a PE ratio of -0.61, a price-to-earnings-growth ratio of 0.37 and a beta of 1.98. Unisys has a fifty-two week low of $1.97 and a fifty-two week high of $4.98. The firm's 50-day simple moving average is $2.42 and its two-hundred day simple moving average is $2.79.

Unisys (NYSE:UIS - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.09. The firm had revenue of $471.50 million for the quarter, compared to the consensus estimate of $449.92 million. Unisys had a negative net margin of 21.65% and a negative return on equity of 14.09%. Equities research analysts predict that Unisys will post 0.45 EPS for the current year.

Insider Buying and Selling at Unisys

In other news, CAO David Brown sold 10,553 shares of the firm's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $2.54, for a total transaction of $26,804.62. Following the completion of the sale, the chief accounting officer directly owned 103,558 shares in the company, valued at $263,037.32. This trade represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Unisys

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its position in Unisys by 5.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 99,669 shares of the information technology services provider's stock worth $230,000 after acquiring an additional 4,912 shares during the last quarter. Daytona Street Capital LLC purchased a new position in shares of Unisys during the 3rd quarter worth $118,000. WINTON GROUP Ltd bought a new stake in Unisys in the second quarter worth $48,000. Integrated Wealth Concepts LLC purchased a new stake in Unisys in the second quarter worth about $743,000. Finally, Waverly Advisors LLC increased its stake in shares of Unisys by 161.6% in the second quarter. Waverly Advisors LLC now owns 28,474 shares of the information technology services provider's stock worth $104,000 after acquiring an additional 17,588 shares during the period. 86.87% of the stock is owned by institutional investors and hedge funds.

About Unisys

Unisys Corporation NYSE: UIS is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its offerings include cloud services, infrastructure modernization, cybersecurity, digital workplace solutions, application services and business process services.

The company serves commercial businesses, governments and other public-sector organizations across North America, Europe, the Asia-Pacific region and Latin America.

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