Unisys (NYSE:UIS) Raised to "Buy" at Wall Street Zen

Key Points

• Unisys has been upgraded by Wall Street Zen from a "hold" rating to a "buy" rating, indicating positive sentiment from analysts.
• Maxim Group also raised Unisys to a "buy" rating with a price target of $9.00, while the current average price target is $7.75.
• Despite the upgrades, Unisys shares are down 0.6% and opened at $3.90, juxtaposed against a low of $3.56 and a high of $8.93 over the past year.

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

Separately, Maxim Group raised shares of 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. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $7.75.

Unisys Stock Performance

NYSE:UIS traded down $0.03 during mid-day trading on Friday, hitting $3.90. 781,591 shares of the company's stock traded hands, compared to its average volume of 905,218. The firm's 50 day simple moving average is $4.15 and its 200 day simple moving average is $4.37. Unisys has a 1 year low of $3.56 and a 1 year high of $8.93. The company has a market cap of $277.67 million, a PE ratio of -3.30, a price-to-earnings-growth ratio of 0.53 and a beta of 1.35.

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

Hedge Funds Weigh In On Unisys

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtus Fund Advisers LLC acquired a new stake in Unisys in the 4th quarter valued at about $35,000. AlphaQuest LLC lifted its holdings in Unisys by 56.9% in the 1st quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider's stock valued at $45,000 after acquiring an additional 3,523 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in Unisys in the 2nd quarter valued at about $46,000. Pallas Capital Advisors LLC acquired a new stake in Unisys in the 1st quarter valued at about $49,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Unisys in the 2nd quarter valued at about $53,000. 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.