Unisys (NYSE:UIS) Upgraded by Wall Street Zen to Buy Rating

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 report published on Saturday morning.

A number of other research analysts have also recently commented on UIS. Maxim Group upgraded 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. Needham & Company LLC started coverage on Unisys in a research note on Wednesday, September 3rd. They set a "buy" rating and a $6.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.38.

Unisys Stock Performance

Shares of UIS stock traded up $0.03 during trading hours on Friday, reaching $4.13. The company had a trading volume of 31,988 shares, compared to its average volume of 640,656. The stock has a fifty day moving average of $4.01 and a 200-day moving average of $4.28. The company has a market capitalization of $294.07 million, a price-to-earnings ratio of -3.50, a PEG ratio of 0.55 and a beta of 1.35. Unisys has a 12-month low of $3.56 and a 12-month high of $8.93.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly 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. The business had revenue of $483.30 million during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.16 earnings per share. Unisys has set its FY 2025 guidance at EPS. On average, analysts forecast that Unisys will post 0.61 EPS for the current year.

Hedge Funds Weigh In On Unisys

Large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in Unisys in the first quarter valued at $67,000. Vanguard Group Inc. increased its holdings in Unisys by 2.7% in the first quarter. Vanguard Group Inc. now owns 7,287,403 shares of the information technology services provider's stock valued at $33,449,000 after buying an additional 190,939 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Unisys by 9.4% during the fourth quarter. Millennium Management LLC now owns 716,541 shares of the information technology services provider's stock worth $4,536,000 after purchasing an additional 61,766 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Unisys by 62.7% during the first quarter. Mackenzie Financial Corp now owns 171,885 shares of the information technology services provider's stock worth $789,000 after purchasing an additional 66,257 shares during the last quarter. Finally, Newport Trust Company LLC grew its holdings in shares of Unisys by 7.0% during the first quarter. Newport Trust Company LLC now owns 1,253,724 shares of the information technology services provider's stock worth $5,755,000 after purchasing an additional 81,913 shares during the last quarter. Hedge funds and other institutional investors own 86.87% of the company's stock.

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.