Unisys (NYSE:UIS) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Unisys from a “buy” to a “hold” rating, adding to a mixed analyst picture. The stock now has a consensus rating of “Hold” with an average price target of $5.67.
• Unisys reported better-than-expected quarterly results on May 5, posting a loss of $0.14 per share versus expectations for a loss of $0.26, while revenue of $437.6 million also topped estimates.
• The stock was trading at $3.17 and remains below the average analyst target, while institutional ownership is high at 86.87% after several funds increased their stakes.

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

Several other research analysts also recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $4.00 price target on shares of Unisys in a report on Wednesday, February 25th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Unisys in a report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $5.67.

Unisys Stock Performance

Shares of UIS opened at $3.17 on Friday. The stock has a fifty day moving average of $2.36 and a two-hundred day moving average of $2.67. The company has a market capitalization of $231.02 million, a PE ratio of -0.65, a price-to-earnings-growth ratio of 0.34 and a beta of 1.60. Unisys has a fifty-two week low of $1.97 and a fifty-two week high of $6.06.

Unisys (NYSE:UIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.12. The company had revenue of $437.60 million during the quarter, compared to the consensus estimate of $415.64 million. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%. As a group, equities research analysts forecast that Unisys will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Unisys

A number of institutional investors and hedge funds have recently made changes to their positions in UIS. JPMorgan Chase & Co. increased its holdings in shares of Unisys by 18.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider's stock worth $7,768,000 after buying an additional 272,627 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Unisys by 106.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 444,084 shares of the information technology services provider's stock worth $2,012,000 after buying an additional 229,233 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Unisys by 12.4% during the 2nd quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider's stock worth $112,000 after buying an additional 2,728 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Unisys during the 2nd quarter worth $128,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Unisys by 13.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 533,004 shares of the information technology services provider's stock worth $2,415,000 after buying an additional 64,002 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

About Unisys

Unisys Corporation NYSE: UIS is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.

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