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

Unisys (NYSE:UIS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Unisys Price Performance

NYSE UIS opened at $6.42 on Friday. The company has a market cap of $445.31 million, a P/E ratio of -1.13, a P/E/G ratio of 1.52 and a beta of 0.75. Unisys has a 1-year low of $3.32 and a 1-year high of $8.93. The stock has a 50-day moving average of $7.23 and a two-hundred day moving average of $5.79.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Needham Investment Management LLC lifted its holdings in Unisys by 7.9% during the 3rd quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock worth $29,820,000 after buying an additional 385,000 shares during the last quarter. 272 Capital LP purchased a new stake in Unisys during the third quarter worth approximately $1,832,000. Bank of Montreal Can boosted its holdings in Unisys by 738.6% in the second quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider’s stock valued at $1,187,000 after purchasing an additional 253,108 shares in the last quarter. State Street Corp increased its stake in Unisys by 13.2% in the third quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock valued at $9,162,000 after purchasing an additional 188,630 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Unisys by 13.8% during the second quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after purchasing an additional 162,177 shares in the last quarter. Institutional investors and hedge funds 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.