Unisys (NYSE:UIS) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a research note released on Monday.

Unisys Trading Up 0.5 %

Shares of UIS stock opened at $6.30 on Monday. The firm has a market capitalization of $436.99 million, a price-to-earnings ratio of -1.11, a PEG ratio of 1.52 and a beta of 0.79. The business’s 50-day moving average price is $7.27 and its 200-day moving average price is $5.99. Unisys has a 12 month low of $3.32 and a 12 month high of $8.93.

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

Hedge Funds Weigh In On Unisys

A number of institutional investors and hedge funds have recently modified their holdings of UIS. GSA Capital Partners LLP lifted its holdings in shares of Unisys by 67.2% in the 3rd quarter. GSA Capital Partners LLP now owns 365,589 shares of the information technology services provider’s stock worth $2,077,000 after purchasing an additional 146,899 shares in the last quarter. Zacks Investment Management bought a new position in shares of Unisys in the third quarter valued at $860,000. Federated Hermes Inc. grew its holdings in shares of 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 valued at $5,510,000 after buying an additional 162,177 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Unisys by 738.6% in the 2nd quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider’s stock worth $1,187,000 after acquiring an additional 253,108 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Unisys by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider’s stock worth $13,215,000 after acquiring an additional 38,572 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors.

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.