Wall Street Zen Upgrades Unisys (NYSE:UIS) to Buy

Wall Street Zen upgraded shares of Unisys (NYSE:UIS - Free Report) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Separately, Canaccord Genuity Group dropped their price objective on shares of Unisys from $7.00 to $6.50 and set a "hold" rating on the stock in a research note on Thursday, February 20th.

Unisys Stock Down 3.4%

Shares of UIS traded down $0.16 during trading hours on Friday, reaching $4.61. 637,469 shares of the company traded hands, compared to its average volume of 561,174. The company's fifty day moving average price is $4.46 and its two-hundred day moving average price is $5.64. The company has a market capitalization of $327.62 million, a price-to-earnings ratio of -1.63, a price-to-earnings-growth ratio of 0.56 and a beta of 1.26. Unisys has a 12 month low of $3.32 and a 12 month high of $8.93.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The information technology services provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.19. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. The business had revenue of $432.10 million for the quarter, compared to analyst estimates of $441.20 million. On average, analysts expect that Unisys will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Unisys

Several hedge funds have recently bought and sold shares of UIS. Virtus Fund Advisers LLC purchased a new position in Unisys in the fourth quarter worth about $35,000. AlphaQuest LLC purchased a new position in Unisys in the fourth quarter worth about $39,000. Pallas Capital Advisors LLC purchased a new position in Unisys in the first quarter worth about $49,000. Quarry LP raised 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 worth $54,000 after buying an additional 7,768 shares during the last quarter. Finally, Grant GrossMendelsohn LLC purchased a new position in Unisys in the first quarter worth about $60,000. 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.