Weiss Ratings Reiterates Sell (D-) Rating for Unisys (NYSE:UIS)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Unisys (NYSE: UIS), indicating continued skepticism about the company's performance.
• In recent coverage, Jefferies Financial Group set a "hold" rating with a $4.00 price target, while two other firms upgraded the stock to a "buy" rating with targets up to $9.00.
• Unisys's stock saw a slight increase of 0.7%, trading at $3.78, while its earnings history showed a positive EPS of $0.19, surpassing analyst expectations.

Unisys (NYSE:UIS - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms have also issued reports on UIS. Jefferies Financial Group initiated coverage on Unisys in a research report on Monday, September 22nd. They set a "hold" rating and a $4.00 price target on the stock. Needham & Company LLC assumed coverage on Unisys in a research report on Wednesday, September 3rd. They issued a "buy" rating and a $6.00 price objective on the stock. Wall Street Zen upgraded Unisys from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Finally, Maxim Group upgraded Unisys from a "hold" rating to a "buy" rating and set a $9.00 price objective on the stock in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $6.38.

Unisys Stock Up 0.7%

Shares of NYSE UIS traded up $0.03 during trading hours on Wednesday, reaching $3.78. 347,963 shares of the stock traded hands, compared to its average volume of 638,550. The company has a market capitalization of $269.12 million, a P/E ratio of -3.19, a price-to-earnings-growth ratio of 0.53 and a beta of 1.33. Unisys has a 52-week low of $3.56 and a 52-week high of $8.93. The company's 50-day simple moving average is $3.94 and its two-hundred day simple moving average is $4.26.

Unisys (NYSE:UIS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.53. The company had revenue of $483.30 million for the quarter, compared to analysts' expectations 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 period last year, the firm posted $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Unisys will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Unisys

Hedge funds have recently added to or reduced their stakes in the stock. AlphaQuest LLC boosted its holdings in Unisys by 56.9% in the first quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider's stock worth $45,000 after acquiring an additional 3,523 shares in the last quarter. Byrne Asset Management LLC bought a new position in Unisys in the second quarter valued at about $46,000. Pallas Capital Advisors LLC bought a new position in Unisys in the first quarter valued at about $49,000. Los Angeles Capital Management LLC bought a new position in Unisys in the second quarter valued at about $53,000. Finally, Kapitalo Investimentos Ltda bought a new position in Unisys in the second quarter valued at about $54,000. 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.

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