Wall Street Zen upgraded shares of Unisys (NYSE:UIS - Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.
Separately, Canaccord Genuity Group reduced their target price on shares of Unisys from $7.00 to $6.50 and set a "hold" rating for the company in a research note on Thursday, February 20th.
Read Our Latest Stock Analysis on UIS
Unisys Trading Up 3.4%
Shares of NYSE UIS traded up $0.15 during mid-day trading on Friday, reaching $4.57. The company had a trading volume of 445,504 shares, compared to its average volume of 565,360. The firm has a 50 day simple moving average of $4.46 and a two-hundred day simple moving average of $5.56. The stock has a market cap of $324.78 million, a P/E ratio of -1.61, a PEG ratio of 0.56 and a beta of 1.35. Unisys has a 52-week low of $3.32 and a 52-week high of $8.93.
Unisys (NYSE:UIS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The information technology services provider reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.24) by $0.19. The firm had revenue of $432.10 million for the quarter, compared to the consensus estimate of $441.20 million. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. On average, equities analysts expect that Unisys will post 0.61 EPS for the current year.
Institutional Trading of Unisys
Hedge funds have recently made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new stake in shares of Unisys in the 4th quarter worth $35,000. AlphaQuest LLC acquired a new stake in shares of Unisys in the 4th quarter worth $39,000. Pallas Capital Advisors LLC acquired a new stake in shares of Unisys in the 1st quarter worth $49,000. Quarry LP lifted its stake in shares of Unisys by 985.8% in the 4th quarter. Quarry LP now owns 8,556 shares of the information technology services provider's stock worth $54,000 after acquiring an additional 7,768 shares during the period. Finally, Grant GrossMendelsohn LLC acquired a new stake in shares of Unisys in the 1st quarter worth $60,000. Institutional investors and hedge funds own 86.87% of the company's stock.
About Unisys
(
Get Free Report)
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.
See Also
Before you consider Unisys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unisys wasn't on the list.
While Unisys currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
