Unisys (NYSE:UIS) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Unisys (NYSE:UIS) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Unisys Price Performance

Shares of UIS opened at $7.29 on Monday. The firm’s 50 day simple moving average is $7.08 and its 200 day simple moving average is $5.58. The company has a market capitalization of $505.63 million, a P/E ratio of -1.29, a P/E/G ratio of 1.51 and a beta of 0.75. Unisys has a 1-year low of $3.32 and a 1-year high of $8.93.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The business had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $486.50 million. Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. Unisys’s revenue for the quarter 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 anticipate that Unisys will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Unisys during the 3rd quarter valued at $36,000. Point72 DIFC Ltd purchased a new position in Unisys during the second quarter valued at approximately $30,000. Cubist Systematic Strategies LLC bought a new position in shares of Unisys in the second quarter worth approximately $41,000. Creative Planning purchased a new stake in Unisys in the 3rd quarter worth $58,000. Finally, Paloma Partners Management Co bought a new stake in Unisys during the third quarter valued at about $60,000. 86.87% of the stock is owned by hedge funds and other 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.