Unisys (NYSE:UIS) Stock Rating Lowered by StockNews.com

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

Unisys Stock Up 1.6 %

NYSE UIS opened at $6.39 on Monday. Unisys has a 52 week low of $3.32 and a 52 week high of $8.93. The firm has a market capitalization of $443.23 million, a price-to-earnings ratio of -1.13, a PEG ratio of 1.52 and a beta of 0.79. The company has a fifty day moving average of $7.27 and a two-hundred day moving average of $5.99.

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 firm had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $486.50 million. During the same period in the prior year, the firm posted ($0.33) earnings per share. Unisys’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Unisys will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Unisys

Hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP grew its position in Unisys by 67.2% in the 3rd quarter. GSA Capital Partners LLP now owns 365,589 shares of the information technology services provider’s stock valued at $2,077,000 after acquiring an additional 146,899 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of Unisys during the third quarter valued at $860,000. Federated Hermes Inc. grew its holdings in shares of Unisys by 13.8% in the second quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after purchasing an additional 162,177 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Unisys by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider’s stock worth $13,215,000 after buying an additional 38,572 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Unisys by 738.6% during the 2nd quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider’s stock valued at $1,187,000 after buying an additional 253,108 shares in the last quarter. 86.87% of the stock is currently owned by hedge funds and other 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.