Unisys (NYSE:UIS) Rating Increased to Buy at Maxim Group

Key Points

• Unisys has been upgraded from a "hold" to a "buy" rating by investment analysts at Maxim Group, with a target price suggesting a potential upside of 129.59% from its current price.
• The company's last quarterly earnings report showed $0.19 earnings per share, significantly exceeding analysts' estimates of ($0.34) per share, along with a revenue of $483.30 million.
• Institutional investors have shown strong interest, with hedge funds owning 86.87% of Unisys stock, indicating a positive sentiment towards the company's prospects.

Unisys (NYSE:UIS - Get Free Report) was upgraded by equities researchers at Maxim Group from a "hold" rating to a "buy" rating in a research note issued on Monday, Marketbeat reports. The brokerage presently has a $9.00 price target on the information technology services provider's stock. Maxim Group's target price points to a potential upside of 137.15% from the company's previous close.

Separately, Wall Street Zen upgraded shares of Unisys from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd.

Unisys Stock Down 3.9%

Shares of UIS traded down $0.16 during midday trading on Monday, reaching $3.80. 1,213,784 shares of the stock were exchanged, compared to its average volume of 618,464. The stock's 50 day simple moving average is $4.36 and its 200 day simple moving average is $4.74. The company has a market cap of $270.56 million, a P/E ratio of -3.22, a PEG ratio of 0.54 and a beta of 1.31. Unisys has a twelve month low of $3.56 and a twelve month high of $8.93.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $483.30 million for the quarter, compared to analyst estimates of $444.65 million. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%. During the same quarter last year, the company earned $0.16 EPS. As a group, analysts predict that Unisys will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Unisys

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in Unisys by 232.5% in the 1st quarter. AQR Capital Management LLC now owns 1,227,724 shares of the information technology services provider's stock valued at $5,635,000 after purchasing an additional 858,516 shares during the last quarter. Whetstone Capital Advisors LLC bought a new position in shares of Unisys in the 1st quarter valued at $2,836,000. Acadian Asset Management LLC lifted its stake in shares of Unisys by 15.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,817,608 shares of the information technology services provider's stock valued at $8,337,000 after acquiring an additional 246,660 shares during the last quarter. Needham Investment Management LLC boosted its holdings in shares of Unisys by 4.2% during the 1st quarter. Needham Investment Management LLC now owns 5,559,800 shares of the information technology services provider's stock valued at $25,519,000 after acquiring an additional 224,800 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Unisys by 680.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 252,803 shares of the information technology services provider's stock worth $1,600,000 after acquiring an additional 220,404 shares during the last quarter. 86.87% of the stock is owned by institutional investors.

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.