Wall Street Zen Downgrades Unisys (NYSE:UIS) to Hold

Wall Street Zen downgraded shares of Unisys (NYSE:UIS - Free Report) from a buy rating to a hold rating in a report published on Saturday morning.

Unisys Price Performance

Shares of Unisys stock traded down $0.16 during trading on Friday, hitting $4.12. 1,582,585 shares of the company's stock traded hands, compared to its average volume of 571,873. Unisys has a 1 year low of $3.32 and a 1 year high of $8.93. The business has a 50-day simple moving average of $4.57 and a 200-day simple moving average of $5.30. The stock has a market capitalization of $292.60 million, a P/E ratio of -3.85, a PEG ratio of 0.48 and a beta of 1.35.

Unisys (NYSE:UIS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The information technology services provider reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.19. Unisys had a negative net margin of 3.76% and a negative return on equity of 11.93%. The firm had revenue of $432.10 million during the quarter, compared to analyst estimates of $441.20 million. On average, equities analysts predict that Unisys will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Unisys

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtus Fund Advisers LLC bought a new stake in shares of Unisys in the fourth quarter worth $35,000. AlphaQuest LLC purchased a new position in Unisys in the fourth quarter worth about $39,000. Pallas Capital Advisors LLC bought a new stake in shares of Unisys during the 1st quarter valued at about $49,000. Quarry LP increased its position in shares of Unisys by 985.8% during the 4th quarter. Quarry LP now owns 8,556 shares of the information technology services provider's stock valued at $54,000 after purchasing an additional 7,768 shares during the last quarter. Finally, Grant GrossMendelsohn LLC purchased a new stake in shares of Unisys during the 1st quarter valued at about $60,000. 86.87% of the stock is 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.