Unisys (NYSE:UIS) Upgraded at Wall Street Zen

Key Points

• Unisys (NYSE: UIS) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating increased investor confidence.
• Analysts have set a consensus price target of $7.17 for Unisys, with some reports suggesting targets as high as $9.00.
• Unisys reported stronger-than-expected quarterly earnings, with an EPS of $0.19, surpassing the consensus estimate of ($0.34).

Wall Street Zen upgraded shares of Unisys (NYSE:UIS - Free Report) from a hold rating to a buy rating in a research note published on Saturday.

Several other equities analysts also recently commented on UIS. Needham & Company LLC initiated coverage on shares of Unisys in a report on Wednesday, September 3rd. They issued a "buy" rating and a $6.00 price objective on the stock. Maxim Group upgraded Unisys from a "hold" rating to a "buy" rating and set a $9.00 price objective for the company in a report on Monday, August 4th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $6.38.

Unisys Stock Up 1.1%

Shares of UIS stock traded up $0.05 on Friday, reaching $4.07. The stock had a trading volume of 231,995 shares, compared to its average volume of 642,424. Unisys has a 12 month low of $3.56 and a 12 month high of $8.93. The firm has a market capitalization of $289.79 million, a price-to-earnings ratio of -3.44, a P/E/G ratio of 0.55 and a beta of 1.35. The firm's 50-day moving average is $4.01 and its two-hundred day moving average is $4.28.

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

Institutional Investors Weigh In On Unisys

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

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.