Unisys (NYSE:UIS) Stock Rating Upgraded by 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 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 for the company in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Unisys currently has an average rating of "Moderate Buy" and a consensus target price of $7.17.

Unisys Stock Performance

Unisys stock traded down $0.03 during mid-day trading on Friday, reaching $3.81. The company's stock had a trading volume of 546,300 shares, compared to its average volume of 849,797. The company has a market capitalization of $271.26 million, a P/E ratio of -3.22, a PEG ratio of 0.52 and a beta of 1.35. Unisys has a 12-month low of $3.56 and a 12-month high of $8.93. The firm's fifty day moving average price is $4.11 and its two-hundred day moving average price is $4.34.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC bought a new position in shares of Unisys in the 1st quarter worth approximately $67,000. Vanguard Group Inc. increased its stake in shares of Unisys by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 7,287,403 shares of the information technology services provider's stock worth $33,449,000 after acquiring an additional 190,939 shares in the last quarter. Millennium Management LLC lifted its position in Unisys by 9.4% during the 4th quarter. Millennium Management LLC now owns 716,541 shares of the information technology services provider's stock valued at $4,536,000 after acquiring an additional 61,766 shares during the period. Mackenzie Financial Corp boosted its stake in 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 acquiring an additional 66,257 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Unisys by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,259,543 shares of the information technology services provider's stock worth $7,974,000 after purchasing an additional 88,506 shares during the period. 86.87% of the stock is currently owned by institutional investors.

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.