Unisys (NYSE:UIS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.
Unisys Stock Performance
UIS stock traded down $0.17 during midday trading on Friday, reaching $4.10. The company's stock had a trading volume of 517,795 shares, compared to its average volume of 587,792. The stock has a fifty day simple moving average of $4.70 and a two-hundred day simple moving average of $5.05. Unisys has a 1 year low of $3.32 and a 1 year high of $8.93. The firm has a market capitalization of $291.39 million, a price-to-earnings ratio of -3.83, a PEG ratio of 0.49 and a beta of 1.32.
Unisys (NYSE:UIS - Get Free Report) last released its earnings results on Wednesday, April 30th. The information technology services provider reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $0.19. Unisys had a negative return on equity of 11.93% and a negative net margin of 3.76%. The business had revenue of $432.10 million for the quarter, compared to analyst estimates of $441.20 million. As a group, analysts forecast that Unisys will post 0.61 EPS for the current fiscal year.
Hedge Funds Weigh In On Unisys
A number of hedge funds and other institutional investors have recently made changes to their positions in UIS. Virtus Fund Advisers LLC bought a new position in shares of Unisys during the 4th quarter worth $35,000. AlphaQuest LLC bought a new stake in Unisys during the fourth quarter valued at about $39,000. Byrne Asset Management LLC bought a new stake in Unisys during the second quarter valued at about $46,000. Pallas Capital Advisors LLC bought a new stake in Unisys during the first quarter valued at about $49,000. Finally, Quarry LP boosted its position in Unisys by 985.8% during the fourth quarter. Quarry LP now owns 8,556 shares of the information technology services provider's stock valued at $54,000 after purchasing an additional 7,768 shares in the last quarter. Institutional investors own 86.87% of the company's stock.
Unisys Company Profile
(
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Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.
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