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

StockNews.com downgraded shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a report issued on Wednesday morning.

Unisys Price Performance

Shares of NYSE UIS opened at $8.19 on Wednesday. The company has a market cap of $568.08 million, a PE ratio of -1.45, a price-to-earnings-growth ratio of 1.58 and a beta of 0.73. Unisys has a 12 month low of $3.32 and a 12 month high of $8.49. The company has a 50-day simple moving average of $6.56 and a 200-day simple moving average of $5.33.

Unisys (NYSE:UIS) last issued its earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $497.00 million during the quarter, compared to analyst estimates of $486.50 million. During the same quarter in the previous year, the firm earned ($0.33) earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. On average, analysts anticipate that Unisys will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Unisys

Several hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in shares of Unisys by 8.5% during 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 acquiring an additional 2,119 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Unisys by 6.1% during the first quarter. Public Employees Retirement System of Ohio now owns 67,333 shares of the information technology services provider’s stock valued at $331,000 after purchasing an additional 3,886 shares during the last quarter. ProShare Advisors LLC grew its holdings in Unisys by 49.1% during the second quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 5,866 shares during the period. nVerses Capital LLC bought a new position in shares of Unisys in the third quarter valued at about $36,000. Finally, Newport Trust Company LLC lifted its holdings in Unisys by 0.5% during the 2nd quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider’s stock worth $5,389,000 after purchasing an additional 6,894 shares during the last quarter. 86.87% of the stock is 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.