Unisys (NYSE:UIS) Upgraded to Buy at StockNews.com

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

Unisys Price Performance

NYSE UIS opened at $5.43 on Friday. The company has a market capitalization of $375.91 million, a price-to-earnings ratio of -0.92, a price-to-earnings-growth ratio of 1.79 and a beta of 0.78. Unisys has a 12 month low of $2.60 and a 12 month high of $8.12. The company’s fifty day moving average price is $5.76 and its two-hundred day moving average price is $5.04.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Monday, August 5th. The information technology services provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.17. Unisys had a negative return on equity of 24.50% and a negative net margin of 18.95%. The business had revenue of $478.20 million during the quarter, compared to the consensus estimate of $485.93 million. During the same period last year, the firm earned ($0.09) earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, analysts anticipate that Unisys will post 0.24 EPS for the current year.

Institutional Trading of Unisys

Several institutional investors have recently added to or reduced their stakes in UIS. Vanguard Group Inc. grew its holdings in shares of Unisys by 4.8% during the first quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock valued at $32,076,000 after purchasing an additional 300,941 shares during the last quarter. Federated Hermes Inc. grew its stake in Unisys by 13.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after buying an additional 162,177 shares during the last quarter. Newport Trust Company LLC increased its position in Unisys by 0.5% in the second quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider’s stock worth $5,389,000 after buying an additional 6,894 shares during the period. Kovack Advisors Inc. lifted its stake in Unisys by 5.2% in the first quarter. Kovack Advisors Inc. now owns 808,507 shares of the information technology services provider’s stock valued at $3,970,000 after buying an additional 40,107 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Unisys by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 386,918 shares of the information technology services provider’s stock valued at $1,598,000 after buying an additional 17,705 shares during the last quarter. Institutional investors own 86.87% of the company’s stock.

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.