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

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

Unisys Stock Up 0.9 %

Unisys stock opened at $7.14 on Tuesday. The firm has a 50-day moving average price of $6.84 and a two-hundred day moving average price of $6.25. The firm has a market capitalization of $494.88 million, a price-to-earnings ratio of -1.26, a PEG ratio of 0.73 and a beta of 0.78. Unisys has a 52-week low of $3.32 and a 52-week high of $8.93.

Institutional Trading of Unisys

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Inceptionr LLC bought a new stake in shares of Unisys during the 4th quarter worth about $72,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Unisys during the 4th quarter worth about $77,000. New York State Common Retirement Fund raised its position in shares of Unisys by 3.1% during the 4th quarter. New York State Common Retirement Fund now owns 535,564 shares of the information technology services provider’s stock worth $3,390,000 after buying an additional 16,321 shares in the last quarter. Calton & Associates Inc. bought a new stake in shares of Unisys during the 4th quarter worth about $63,000. Finally, Inspire Investing LLC bought a new stake in shares of Unisys during the 4th quarter worth about $769,000. 86.87% of the stock is currently owned by institutional investors.

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.