Unisys (NYSE:UIS) Cut to "Hold" at Wall Street Zen

Key Points

• Unisys has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, while Maxim Group upgraded it to a "buy" with a price target of $9.00.
• The company's recent earnings report showed an EPS of $0.19, exceeding estimates, and revenue of $483.30 million, surpassing analyst predictions.
• Institutional investors have increased their holdings in Unisys, with 86.87% of the stock now owned by institutional investors and hedge funds.

Unisys (NYSE:UIS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.

Other research analysts have also issued research reports about the company. Maxim Group raised Unisys from a "hold" rating to a "buy" rating and set a $9.00 price target on the stock in a research report on Monday, August 4th. Needham & Company LLC initiated coverage on Unisys in a research report on Wednesday. They set a "buy" rating and a $6.00 price target on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $7.17.

Unisys Stock Performance

Shares of Unisys stock opened at $3.88 on Friday. The business's 50 day simple moving average is $4.10 and its 200 day simple moving average is $4.31. Unisys has a 52-week low of $3.56 and a 52-week high of $8.93. The firm has a market cap of $276.25 million, a PE ratio of -3.28, a P/E/G ratio of 0.53 and a beta of 1.35.

Unisys (NYSE:UIS - Get Free Report) last announced its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.53. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%.The business had revenue of $483.30 million for the quarter, compared to analyst estimates of $444.65 million. During the same quarter last year, the firm earned $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Unisys will post 0.61 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Unisys by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 7,287,403 shares of the information technology services provider's stock worth $33,449,000 after acquiring an additional 190,939 shares during the last quarter. Needham Investment Management LLC increased its holdings in shares of Unisys by 4.2% during the 1st quarter. Needham Investment Management LLC now owns 5,559,800 shares of the information technology services provider's stock worth $25,519,000 after acquiring an additional 224,800 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Unisys by 7.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,957,504 shares of the information technology services provider's stock worth $8,864,000 after acquiring an additional 139,896 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Unisys by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,796,445 shares of the information technology services provider's stock worth $8,140,000 after acquiring an additional 78,523 shares during the last quarter. Finally, Palisade Capital Management LP increased its holdings in shares of Unisys by 17.4% during the 2nd quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider's stock worth $7,966,000 after acquiring an additional 260,716 shares during the last quarter. 86.87% of the stock is owned by institutional investors and hedge funds.

Unisys Company Profile

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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