Unisys Corporation (UIS) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst views are mixed: Five firms give Unisys an average “Hold” rating, split between two sells, one hold, and two buys. Their average 12-month price target is $5.00.
• Quarterly results beat estimates: Unisys reported a loss of $0.12 per share, better than the expected $0.21 loss, and revenue of $471.5 million versus estimates of $449.92 million.
• Insider selling and institutional ownership: Chief Accounting Officer David Brown sold 10,553 shares, reducing his stake by 9.25%; institutional investors own 86.87% of the stock.

Shares of Unisys Corporation (NYSE:UIS - Get Free Report) have received an average recommendation of "Hold" from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $5.00.

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Unisys in a report on Thursday, October 15th. Zacks Research downgraded Unisys from a "hold" rating to a "strong sell" rating in a report on Thursday, October 15th. Jefferies Financial Group reissued a "hold" rating on shares of Unisys in a research report on Monday. Needham & Company LLC reduced their target price on shares of Unisys from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Unisys from a "hold" rating to a "buy" rating in a research note on Saturday.

Insiders Place Their Bets

In other Unisys news, CAO David Brown sold 10,553 shares of Unisys stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $2.54, for a total value of $26,804.62. Following the completion of the sale, the chief accounting officer owned 103,558 shares in the company, valued at $263,037.32. The trade was a 9.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.56% of the stock is owned by company insiders.

Hedge Funds Weigh In On Unisys

A number of hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Holdings LLC acquired a new stake in shares of Unisys during the 2nd quarter worth $892,000. Saba Capital Management L.P. raised 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 purchasing an additional 240,476 shares in the last quarter. Abel Hall LLC acquired a new position in Unisys in the first quarter valued at about $27,000. Integrated Wealth Concepts LLC acquired a new position in Unisys in the second quarter valued at about $743,000. Finally, Waverly Advisors LLC lifted its position in Unisys by 161.6% during the second quarter. Waverly Advisors LLC now owns 28,474 shares of the information technology services provider's stock worth $104,000 after purchasing an additional 17,588 shares during the period. Institutional investors own 86.87% of the company's stock.

Unisys Stock Down 1.7%

Shares of NYSE:UIS opened at $2.65 on Monday. Unisys has a 12-month low of $1.97 and a 12-month high of $4.98. The stock has a market cap of $192.90 million, a PE ratio of -0.61, a P/E/G ratio of 0.40 and a beta of 1.98. The business has a 50 day moving average of $2.42 and a 200-day moving average of $2.79.

Unisys (NYSE:UIS - Get Free Report) last announced its earnings results on Wednesday, November 4th. The information technology services provider reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.21) by $0.09. The company had revenue of $471.50 million for the quarter, compared to analyst estimates of $449.92 million. Unisys had a negative return on equity of 11.97% and a negative net margin of 16.01%. Equities research analysts expect that Unisys will post 0.45 earnings per share for the current year.

Unisys Company Profile

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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