Unisys (NYSE:UIS) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a research note published on Friday.

Unisys Stock Performance

Shares of Unisys stock opened at $6.54 on Friday. Unisys has a 52-week low of $3.32 and a 52-week high of $8.93. The business’s 50 day simple moving average is $7.25 and its 200 day simple moving average is $5.72. The firm has a market cap of $453.63 million, a PE ratio of -1.16, a P/E/G ratio of 1.52 and a beta of 0.75.

Unisys (NYSE:UIS) last posted its quarterly earnings data 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). 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 business earned ($0.33) earnings per share. Unisys’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts predict that Unisys will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UIS. nVerses Capital LLC acquired a new position in shares of Unisys during the 3rd quarter worth approximately $36,000. Point72 DIFC Ltd acquired a new stake in shares of Unisys in the 2nd quarter valued at approximately $30,000. Cubist Systematic Strategies LLC bought a new position in shares of Unisys in the second quarter valued at $41,000. Creative Planning acquired a new position in Unisys during the third quarter worth $58,000. Finally, Paloma Partners Management Co bought a new stake in Unisys during the third quarter worth $60,000. 86.87% of the stock is owned by institutional investors and hedge funds.

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.