Unisys Corporation (NYSE:UIS) Given Average Rating of "Hold" by Brokerages

Key Points

• Unisys has a consensus “Hold” rating among five covering brokerages: two rate it “Buy,” two “Hold,” and one “Sell.” The average 12-month price target is $4.50, compared with a recent share price of $2.48.
• The company’s latest quarterly results were mixed: revenue of $473.5 million exceeded estimates, but adjusted EPS of $(0.08) missed the consensus estimate of $(0.04). Unisys continues to report negative profitability, including a 21.65% net margin.
• Institutional investors own 86.87% of Unisys, with several hedge funds recently increasing or initiating positions. Separately, Chief Accounting Officer David Brown sold 10,553 shares at an average price of $2.54.

Shares of Unisys Corporation (NYSE:UIS - Get Free Report) have received a consensus rating of "Hold" from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $4.50.

A number of equities research analysts recently issued reports on the company. Zacks Research downgraded Unisys from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Needham & Company LLC dropped their price objective on Unisys from $6.00 to $5.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Unisys in a research report on Friday, July 17th.

Unisys Stock Performance

NYSE:UIS opened at $2.48 on Friday. Unisys has a 52 week low of $1.97 and a 52 week high of $4.98. The firm's 50-day simple moving average is $2.96 and its 200 day simple moving average is $2.96. The firm has a market cap of $180.48 million, a price-to-earnings ratio of -0.42, a P/E/G ratio of 0.28 and a beta of 1.88.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). Unisys had a negative net margin of 21.65% and a negative return on equity of 14.09%. The business had revenue of $473.50 million during the quarter, compared to the consensus estimate of $448.92 million. Sell-side analysts anticipate that Unisys will post 0.57 EPS for the current year.

Insider Buying and Selling

In related news, CAO David Brown sold 10,553 shares of the company's stock in a transaction dated Friday, September 4th. The shares were 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 owned 103,558 shares of the company's stock, valued at $263,037.32. This represents a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Unisys

Several hedge funds have recently bought and sold shares of UIS. Newport Trust Company LLC lifted its holdings in shares of Unisys by 12.8% during the 4th quarter. Newport Trust Company LLC now owns 1,354,788 shares of the information technology services provider's stock worth $3,739,000 after acquiring an additional 153,579 shares during the period. Saba Capital Management L.P. increased its stake in Unisys by 15.5% in 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 acquiring an additional 240,476 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in Unisys during the second quarter valued at approximately $892,000. Integrated Wealth Concepts LLC acquired a new position in Unisys during the second quarter valued at approximately $743,000. Finally, Bank of New York Mellon Corp bought a new stake in Unisys during the second quarter worth $712,000. 86.87% of the stock is owned by institutional investors.

About Unisys

Unisys Corporation NYSE: UIS is a global information technology services and solutions company that helps organizations modernize their technology environments, improve operational efficiency and manage complex business processes. The company serves commercial businesses, government agencies and other large organizations.

Its offerings include cloud and infrastructure services, digital workplace solutions, application modernization, cybersecurity, data analytics and enterprise computing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.