Unisys (NYSE:UIS) Raised to “Buy” at StockNews.com

Unisys (NYSE:UIS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

Unisys Trading Up 3.0 %

Shares of NYSE UIS opened at $7.06 on Tuesday. Unisys has a 12-month low of $3.32 and a 12-month high of $8.93. The company has a market cap of $489.33 million, a PE ratio of -1.25, a P/E/G ratio of 0.73 and a beta of 0.78. The stock has a 50 day simple moving average of $6.86 and a 200-day simple moving average of $6.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Unisys by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 27,123 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 2,119 shares during the period. Diversified Trust Co lifted its stake in shares of Unisys by 12.4% in the 4th quarter. Diversified Trust Co now owns 21,613 shares of the information technology services provider’s stock worth $137,000 after acquiring an additional 2,380 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Unisys by 17.7% in the fourth quarter. SG Americas Securities LLC now owns 26,899 shares of the information technology services provider’s stock valued at $170,000 after acquiring an additional 4,045 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Unisys by 49.1% during the second quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider’s stock valued at $74,000 after acquiring an additional 5,866 shares during the period. Finally, nVerses Capital LLC bought a new stake in Unisys during the third quarter worth approximately $36,000. 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.