Unisys (NYSE:UIS) Rating Lowered to Hold at StockNews.com

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

Unisys Trading Down 0.8 %

UIS stock opened at $6.67 on Friday. The firm’s 50-day moving average is $7.06 and its two-hundred day moving average is $6.10. The company has a market capitalization of $462.28 million, a price-to-earnings ratio of -1.18, a price-to-earnings-growth ratio of 0.75 and a beta of 0.79. Unisys has a 52 week low of $3.32 and a 52 week high of $8.93.

Unisys (NYSE:UIS) last released its 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 during the quarter, compared to analyst estimates 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 for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.33) earnings per share. On average, equities research analysts predict that Unisys will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Unisys

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of Unisys in the 2nd quarter worth approximately $30,000. nVerses Capital LLC bought a new stake in Unisys during the third quarter worth approximately $36,000. Cubist Systematic Strategies LLC acquired a new position in Unisys in the second quarter worth approximately $41,000. Creative Planning bought a new position in shares of Unisys in the third quarter valued at $58,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Unisys during the 3rd quarter valued at $60,000. 86.87% of the stock is currently 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.