Unisys (NYSE:UIS) Upgraded 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 investment analysts at Maxim Group from a "hold" rating to a "buy" rating in a research report issued on Monday,Briefing.com Automated Import reports. The firm presently has a $9.00 target price on the information technology services provider's stock. Maxim Group's price objective suggests a potential upside of 129.59% from the company's current price.

Separately, Wall Street Zen upgraded Unisys from a "hold" rating to a "buy" rating in a report on Saturday.

Unisys Stock Down 5.1%

NYSE:UIS opened at $3.92 on Monday. Unisys has a 52 week low of $3.32 and a 52 week high of $8.93. The company has a market capitalization of $278.59 million, a P/E ratio of -3.32, a P/E/G ratio of 0.45 and a beta of 1.31. The stock's fifty day moving average is $4.43 and its two-hundred day moving average is $4.79.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.53. The firm had revenue of $483.30 million for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.16 EPS. Sell-side analysts anticipate that Unisys will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Unisys

Several institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Unisys in the 1st quarter valued at about $67,000. Millennium Management LLC increased its stake in shares of Unisys by 9.4% during the fourth quarter. Millennium Management LLC now owns 716,541 shares of the information technology services provider's stock worth $4,536,000 after buying an additional 61,766 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Unisys by 179.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 277,583 shares of the information technology services provider's stock valued at $1,757,000 after acquiring an additional 178,295 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 88,506 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Unisys by 5.4% during the 4th quarter. Invesco Ltd. now owns 364,130 shares of the information technology services provider's stock worth $2,305,000 after acquiring an additional 18,816 shares in the last quarter. Hedge funds and other 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.

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