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

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

Unisys Price Performance

Shares of NYSE UIS traded up $0.25 during trading hours on Monday, reaching $7.29. The stock had a trading volume of 1,018,137 shares, compared to its average volume of 603,690. The business’s fifty day moving average is $7.08 and its two-hundred day moving average is $5.58. The company has a market cap of $505.63 million, a price-to-earnings ratio of -1.29, a PEG ratio of 1.51 and a beta of 0.75. Unisys has a twelve month low of $3.32 and a twelve month high of $8.93.

Unisys (NYSE:UIS) last issued its earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The company had revenue of $497.00 million for the quarter, compared to the consensus estimate of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. Unisys’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.33) EPS. Sell-side analysts forecast that Unisys will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Unisys

Several large investors have recently modified their holdings of the stock. 272 Capital LP bought a new stake in shares of Unisys during the 3rd quarter worth $1,832,000. Virtu Financial LLC bought a new stake in shares of Unisys during the 3rd quarter worth $62,000. Barclays PLC raised its position in Unisys by 127.6% in the third quarter. Barclays PLC now owns 126,819 shares of the information technology services provider’s stock valued at $722,000 after purchasing an additional 71,093 shares during the last quarter. Geode Capital Management LLC raised its position in Unisys by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock valued at $8,804,000 after purchasing an additional 10,277 shares during the last quarter. Finally, XTX Topco Ltd raised its position in Unisys by 212.7% in the third quarter. XTX Topco Ltd now owns 67,436 shares of the information technology services provider’s stock valued at $383,000 after purchasing an additional 45,869 shares during the last quarter. 86.87% of the stock is owned by institutional investors and hedge funds.

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.