Unisys (NYSE:UIS) Downgraded to Hold Rating by StockNews.com

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

Unisys Trading Up 4.0 %

Shares of NYSE:UIS opened at $7.19 on Friday. The business has a fifty day simple moving average of $5.86 and a 200 day simple moving average of $5.08. Unisys has a 1 year low of $2.68 and a 1 year high of $8.12. The firm has a market cap of $498.21 million, a price-to-earnings ratio of -1.27, a P/E/G ratio of 2.00 and a beta of 0.78.

Unisys (NYSE:UIS) last posted its earnings results 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 analyst estimates 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 was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.33) earnings per share. On average, sell-side analysts forecast that Unisys will post 0.24 EPS for the current year.

Institutional Trading of Unisys

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its stake in Unisys by 62.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 46,084 shares of the information technology services provider’s stock valued at $262,000 after purchasing an additional 17,744 shares during the period. Net Worth Advisory Group acquired a new position in shares of Unisys during the third quarter worth approximately $172,000. nVerses Capital LLC acquired a new position in shares of Unisys during the third quarter worth approximately $36,000. Creative Planning bought a new stake in shares of Unisys in the third quarter valued at approximately $58,000. Finally, SG Americas Securities LLC grew its stake in shares of Unisys by 91.2% in the third quarter. SG Americas Securities LLC now owns 22,854 shares of the information technology services provider’s stock worth $130,000 after acquiring an additional 10,900 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

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.