Unisys (NYSE:UIS) Stock Rating Lowered by Wall Street Zen

Key Points

• Unisys was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, indicating a cautious outlook for the stock.
• Maxim Group upgraded Unisys from "hold" to "buy" with a target price of $9.00, contrasting Wall Street Zen's downgrade.
• Unisys reported a profit of $0.19 EPS for the last quarter, significantly exceeding estimates, which enhances its market position despite ongoing financial challenges.

Wall Street Zen cut shares of Unisys (NYSE:UIS - Free Report) from a buy rating to a hold rating in a report released on Saturday morning.

Separately, Maxim Group raised Unisys from a "hold" rating to a "buy" rating and set a $9.00 target price on the stock in a report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $7.75.

Unisys Stock Performance

Shares of NYSE UIS traded down $0.0550 during mid-day trading on Friday, hitting $3.8350. 671,304 shares of the stock traded hands, compared to its average volume of 872,489. Unisys has a 52 week low of $3.56 and a 52 week high of $8.93. The company has a market cap of $273.40 million, a price-to-earnings ratio of -3.25, a PEG ratio of 0.53 and a beta of 1.31. The stock has a fifty day moving average price of $4.22 and a 200-day moving average price of $4.57.

Unisys (NYSE:UIS - Get Free Report) last released its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $444.65 million. During the same period in the previous year, the company posted $0.16 earnings per share. Unisys has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Unisys will post 0.61 EPS for the current fiscal year.

Institutional Trading of Unisys

Hedge funds have recently bought and sold shares of the company. Virtus Fund Advisers LLC purchased a new stake in Unisys during the fourth quarter valued at $35,000. AlphaQuest LLC increased its position in Unisys by 56.9% during the first quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider's stock valued at $45,000 after acquiring an additional 3,523 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in Unisys during the second quarter valued at $46,000. Pallas Capital Advisors LLC purchased a new stake in Unisys during the first quarter valued at $49,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Unisys during the second quarter valued at $53,000. Hedge funds and other institutional investors own 86.87% of the company's stock.

About Unisys

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.