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

Unisys (NYSE:UIS - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Sunday.

Unisys Price Performance

Shares of NYSE UIS opened at $4.50 on Friday. Unisys has a 12 month low of $3.32 and a 12 month high of $8.93. The company has a 50-day simple moving average of $4.63 and a 200-day simple moving average of $5.20. The company has a market cap of $319.46 million, a PE ratio of -4.20, a price-to-earnings-growth ratio of 0.52 and a beta of 1.35.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The information technology services provider reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $0.19. The company had revenue of $432.10 million for the quarter, compared to the consensus estimate of $441.20 million. Unisys had a negative net margin of 3.76% and a negative return on equity of 11.93%. On average, analysts anticipate that Unisys will post 0.61 EPS for the current year.

Hedge Funds Weigh In On Unisys

Hedge funds have recently made changes to their positions in the stock. Virtus Fund Advisers LLC acquired a new position in shares of Unisys in the 4th quarter valued at $35,000. AlphaQuest LLC acquired a new position in shares of Unisys in the 4th quarter valued at $39,000. Quarry LP boosted its holdings in shares of Unisys by 985.8% in the 4th 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 during the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of Unisys in the 1st quarter valued at $49,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Unisys in the 4th quarter valued at $68,000. Institutional investors and hedge funds 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.

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