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

StockNews.com upgraded shares of Unisys (NYSE:UIS) from a hold rating to a buy rating in a report issued on Tuesday.

Unisys Price Performance

UIS stock opened at $7.92 on Tuesday. Unisys has a 1 year low of $3.32 and a 1 year high of $8.49. The stock has a market cap of $549.33 million, a price-to-earnings ratio of -1.40, a P/E/G ratio of 1.74 and a beta of 0.73. The company has a 50 day simple moving average of $6.29 and a 200 day simple moving average of $5.23.

Unisys (NYSE:UIS) last announced 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). The firm had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.33) earnings per share. On average, equities research analysts anticipate that Unisys will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UIS. Vanguard Group Inc. grew its holdings in Unisys by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock worth $32,076,000 after acquiring an additional 300,941 shares during the last quarter. Federated Hermes Inc. grew its stake 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. Newport Trust Company LLC increased its holdings 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 valued at $5,389,000 after purchasing an additional 6,894 shares during the period. Bank of New York Mellon Corp raised its position in Unisys by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 386,918 shares of the information technology services provider’s stock worth $1,598,000 after purchasing an additional 17,705 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Unisys by 67.2% during the 3rd quarter. GSA Capital Partners LLP now owns 365,589 shares of the information technology services provider’s stock worth $2,077,000 after buying an additional 146,899 shares during the period. 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.