Unisys (NYSE:UIS) Cut to Hold at 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 research report report published on Saturday.

Separately, 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 note on Monday, August 4th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $7.75.

Unisys Stock Performance

Unisys stock traded up $0.0150 during trading on Friday, reaching $3.9050. The company had a trading volume of 315,956 shares, compared to its average volume of 633,788. Unisys has a 1-year low of $3.56 and a 1-year high of $8.93. The firm's 50-day simple moving average is $4.26 and its 200 day simple moving average is $4.58. The firm has a market capitalization of $278.39 million, a PE ratio of -3.31, a price-to-earnings-growth ratio of 0.54 and a beta of 1.31.

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, topping analysts' consensus estimates of ($0.34) by $0.53. The business had revenue of $483.30 million for the quarter, compared to analyst estimates of $444.65 million. Unisys had a negative net margin of 4.16% and a negative return on equity of 12.55%. During the same period last year, the firm posted $0.16 earnings per share. Unisys has set its FY 2025 guidance at EPS. Analysts anticipate that Unisys will post 0.61 EPS for the current year.

Hedge Funds Weigh In On Unisys

Several hedge funds and other institutional investors have recently modified their holdings of UIS. Virtus Fund Advisers LLC bought a new stake in Unisys in the 4th quarter valued at about $35,000. AlphaQuest LLC boosted its holdings in shares of Unisys by 56.9% in the 1st quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider's stock worth $45,000 after purchasing an additional 3,523 shares in the last quarter. Byrne Asset Management LLC bought a new position in shares of Unisys during the second quarter valued at about $46,000. Pallas Capital Advisors LLC purchased a new stake in Unisys in the first quarter worth about $49,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Unisys during the second quarter valued at approximately $53,000. 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.