Unisys (NYSE:UIS) Upgraded by Wall Street Zen to Buy Rating
by Doug Wharley · The Cerbat GemWall Street Zen upgraded shares of Unisys (NYSE:UIS – Free Report) from a hold rating to a buy rating in a research report released on Sunday morning.
Unisys Stock Performance
NYSE UIS opened at $4.58 on Friday. The firm has a 50 day simple moving average of $4.65 and a 200-day simple moving average of $5.17. Unisys has a one year low of $3.32 and a one year high of $8.93. The firm has a market cap of $325.50 million, a price-to-earnings ratio of -4.28, a PEG ratio of 0.52 and a beta of 1.32.
Unisys (NYSE:UIS – Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The information technology services provider reported ($0.05) EPS for the quarter, beating the consensus estimate 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 business had revenue of $432.10 million during the quarter, compared to analyst estimates of $441.20 million. Equities analysts predict that Unisys will post 0.61 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Unisys by 2.7% in the first quarter. Vanguard Group Inc. now owns 7,287,403 shares of the information technology services provider’s stock valued at $33,449,000 after purchasing an additional 190,939 shares during the period. Needham Investment Management LLC boosted its stake in shares of Unisys by 4.2% in the first 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 purchasing an additional 224,800 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Unisys by 15.7% in the first 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 purchasing an additional 246,660 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in Unisys by 1.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,668,269 shares of the information technology services provider’s stock worth $10,560,000 after acquiring an additional 28,418 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Unisys by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,556,325 shares of the information technology services provider’s stock worth $9,854,000 after acquiring an additional 6,672 shares during the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.
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.
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