Unisys (NYSE:UIS) Raised to Buy at Wall Street Zen

Key Points

• Unisys has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating a positive outlook for the company's stock.
• The company reported earnings of $0.19 per share, significantly beating analysts' expectations of ($0.34) and achieving revenues of $483.30 million for the quarter.
• Approximately 86.87% of Unisys stock is owned by institutional investors and hedge funds, reflecting strong investor interest in the company.

Unisys (NYSE:UIS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Unisys Stock Performance

Shares of UIS opened at $3.92 on Friday. The stock has a 50 day moving average price of $4.43 and a 200 day moving average price of $4.82. Unisys has a one year low of $3.32 and a one year high of $8.93. The stock has a market capitalization of $278.59 million, a price-to-earnings ratio of -3.32, a PEG ratio of 0.47 and a beta of 1.31.

Unisys (NYSE:UIS - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.16% and a negative return on equity of 12.55%. The firm had revenue of $483.30 million during the quarter, compared to analyst estimates of $444.65 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. On average, analysts predict that Unisys will post 0.61 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Virtus Fund Advisers LLC purchased a new stake in Unisys during the 4th quarter worth about $35,000. AlphaQuest LLC raised its position in shares of Unisys by 56.9% during the 1st quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider's stock worth $45,000 after acquiring an additional 3,523 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in Unisys during the second quarter worth approximately $46,000. Pallas Capital Advisors LLC purchased a new stake in Unisys during the first quarter worth approximately $49,000. Finally, Quarry LP boosted its holdings in Unisys by 985.8% in 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. 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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