StockNews.com Downgrades Unisys (NYSE:UIS) to Hold

Unisys (NYSE:UISGet Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Unisys Stock Performance

Shares of NYSE:UIS opened at $6.73 on Friday. The firm has a 50 day simple moving average of $7.04 and a 200 day simple moving average of $6.13. Unisys has a 52 week low of $3.32 and a 52 week high of $8.93. The company has a market cap of $466.65 million, a PE ratio of -1.19, a price-to-earnings-growth ratio of 0.73 and a beta of 0.79.

Unisys (NYSE:UISGet Free Report) last released 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 analysts’ expectations 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 for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.33) EPS. On average, equities analysts predict that Unisys will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Unisys

Institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new stake in shares of Unisys during the second quarter worth $30,000. nVerses Capital LLC acquired a new position in Unisys in the 3rd quarter worth about $36,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Unisys during the 2nd quarter worth about $41,000. Creative Planning acquired a new stake in shares of Unisys during the 3rd quarter valued at about $58,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Unisys in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

Unisys Company Profile

(Get Free Report)

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.

Further Reading

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