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

Unisys (NYSE:UIS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Unisys Trading Up 4.8 %

Unisys stock traded up $0.31 during mid-day trading on Tuesday, hitting $6.85. 277,561 shares of the company’s stock were exchanged, compared to its average volume of 364,812. Unisys has a 1-year low of $3.32 and a 1-year high of $8.93. The stock has a 50 day moving average of $6.88 and a two-hundred day moving average of $6.24. The stock has a market cap of $475.19 million, a P/E ratio of -1.21, a P/E/G ratio of 0.73 and a beta of 0.78.

Institutional Investors Weigh In On Unisys

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP grew its holdings in Unisys by 67.2% during the third quarter. GSA Capital Partners LLP now owns 365,589 shares of the information technology services provider’s stock valued at $2,077,000 after purchasing an additional 146,899 shares during the last quarter. Zacks Investment Management acquired a new position in Unisys in the 3rd quarter valued at $860,000. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 38,572 shares during the period. Geode Capital Management LLC lifted its position in Unisys by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock worth $8,804,000 after acquiring an additional 10,277 shares during the last quarter. Finally, 272 Capital LP bought a new stake in Unisys during the third quarter valued at about $1,832,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

About Unisys

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.