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

Unisys (NYSE:UIS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Unisys Stock Performance

NYSE:UIS opened at $7.19 on Friday. Unisys has a 52 week low of $2.68 and a 52 week high of $8.12. The firm has a market cap of $498.70 million, a price-to-earnings ratio of -1.27, a P/E/G ratio of 1.49 and a beta of 0.73. The firm’s 50-day simple moving average is $5.86 and its 200 day simple moving average is $5.08.

Unisys (NYSE:UIS) last released its quarterly 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 return on equity of 27.42% and a negative net margin of 19.24%. The business had revenue of $497.00 million for the quarter, compared to the consensus estimate of $486.50 million. During the same period in the prior year, the business posted ($0.33) earnings per share. Unisys’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that Unisys will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Unisys

Hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in Unisys in the 2nd quarter valued at about $30,000. nVerses Capital LLC bought a new position in Unisys in the 3rd quarter valued at about $36,000. Cubist Systematic Strategies LLC bought a new position in Unisys in the 2nd quarter valued at about $41,000. Oak Thistle LLC bought a new position in Unisys in the 2nd quarter valued at about $52,000. Finally, Creative Planning bought a new position in Unisys in the 3rd quarter valued at about $58,000. 86.87% of the stock is owned by institutional investors.

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.