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

Key Points

• Analysts have a consensus “Hold” rating on Unisys, with two buy, two hold and one sell recommendation. The average 12-month price target is $4.50, although Needham recently cut its target to $5.00 while retaining a buy rating.
• Unisys shares opened at $2.73, versus a 52-week range of $1.97 to $4.98. The company reported an adjusted quarterly loss of $0.08 per share, missing estimates, despite revenue of $473.5 million exceeding expectations.
• Institutional investors own 86.87% of the stock and several major funds increased their positions. Separately, director Philippe Germond sold 20,000 shares, reducing his holdings by 7.8%.

Unisys Corporation (NYSE:UIS - Get Free Report) has been given a consensus recommendation of "Hold" by the five research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.50.

A number of equities analysts have commented on UIS shares. Needham & Company LLC reduced their price target on shares of Unisys from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Unisys in a report on Friday, July 17th. Zacks Research cut shares of Unisys from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Finally, Wall Street Zen cut shares of Unisys from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th.

Insiders Place Their Bets

In related news, Director Philippe Germond sold 20,000 shares of the firm's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $4.15, for a total transaction of $83,000.00. Following the completion of the sale, the director directly owned 236,453 shares of the company's stock, valued at $981,279.95. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.56% of the stock is owned by corporate insiders.

Institutional Trading of Unisys

Several large investors have recently made changes to their positions in UIS. IES Holdings Inc. bought a new position in shares of Unisys in the fourth quarter worth about $3,235,000. Millennium Management LLC grew its stake in shares of Unisys by 170.6% during the third quarter. Millennium Management LLC now owns 1,726,339 shares of the information technology services provider's stock valued at $6,733,000 after purchasing an additional 1,088,380 shares during the last quarter. Saba Capital Management L.P. grew its stake in shares of Unisys by 65.8% during the fourth quarter. Saba Capital Management L.P. now owns 1,551,487 shares of the information technology services provider's stock valued at $4,282,000 after purchasing an additional 615,632 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Unisys by 36.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider's stock valued at $4,816,000 after purchasing an additional 468,340 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Unisys by 29.1% in the fourth quarter. Federated Hermes Inc. now owns 1,494,555 shares of the information technology services provider's stock valued at $4,125,000 after purchasing an additional 336,711 shares in the last quarter. Institutional investors own 86.87% of the company's stock.

Unisys Stock Performance

Shares of NYSE UIS opened at $2.73 on Monday. Unisys has a 52-week low of $1.97 and a 52-week high of $4.98. The business has a fifty day moving average of $3.37 and a two-hundred day moving average of $2.93. The stock has a market cap of $199.07 million, a PE ratio of -0.46, a PEG ratio of 0.32 and a beta of 1.90.

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

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.

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