Unisys (NYSE:UIS) Stock Rating Lowered by StockNews.com

Unisys (NYSE:UIS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Unisys Price Performance

Shares of NYSE UIS opened at $7.78 on Wednesday. The stock has a market capitalization of $539.64 million, a PE ratio of -1.37, a P/E/G ratio of 1.58 and a beta of 0.73. Unisys has a fifty-two week low of $3.32 and a fifty-two week high of $8.49. The business has a fifty day moving average price of $6.51 and a two-hundred day moving average price of $5.31.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The firm had revenue of $497.00 million for the quarter, compared to the consensus estimate of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted ($0.33) EPS. On average, equities analysts expect that Unisys will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UIS. Point72 DIFC Ltd acquired a new stake in Unisys during the 2nd quarter worth about $30,000. nVerses Capital LLC bought a new position in shares of Unisys in the third quarter valued at approximately $36,000. Cubist Systematic Strategies LLC purchased a new position in shares of Unisys during the second quarter valued at approximately $41,000. Oak Thistle LLC bought a new stake in Unisys during the second quarter worth $52,000. Finally, Creative Planning bought a new position in Unisys during the 3rd quarter valued at $58,000. 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.