Canaccord Genuity Group Has Lowered Expectations for Unisys (NYSE:UIS) Stock Price

Unisys (NYSE:UIS) had its price objective decreased by analysts at Canaccord Genuity Group from $7.00 to $6.50 in a research note issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Canaccord Genuity Group’s target price would indicate a potential upside of 38.74% from the company’s current price.

Separately, StockNews.com upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th.

Unisys Price Performance

Shares of UIS stock opened at $4.69 on Thursday. The stock has a market cap of $324.95 million, a P/E ratio of -1.66, a P/E/G ratio of 0.65 and a beta of 0.78. The company has a fifty day moving average price of $6.57 and a two-hundred day moving average price of $6.38. Unisys has a one year low of $3.32 and a one year high of $8.93.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $545.40 million during the quarter, compared to analysts’ expectations of $550.93 million. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. During the same quarter last year, the company posted $0.51 earnings per share. As a group, equities research analysts anticipate that Unisys will post 0.61 EPS for the current fiscal year.

Institutional Trading of Unisys

A number of hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp lifted its stake in shares of Unisys by 79.4% during the 4th quarter. Mackenzie Financial Corp now owns 105,628 shares of the information technology services provider’s stock worth $669,000 after buying an additional 46,741 shares during the last quarter. PharVision Advisers LLC acquired a new stake in Unisys in the 4th quarter worth about $203,000. Virtus Fund Advisers LLC acquired a new stake in Unisys in the 4th quarter worth about $35,000. Virtus Investment Advisers Inc. acquired a new stake in Unisys in the 4th quarter worth about $364,000. Finally, Two Sigma Investments LP raised its stake in Unisys by 23.0% in the 4th quarter. Two Sigma Investments LP now owns 632,324 shares of the information technology services provider’s stock worth $4,003,000 after purchasing an additional 118,255 shares in the last quarter. Institutional investors and hedge funds 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.