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

StockNews.com downgraded shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a report published on Wednesday morning.

Unisys Stock Performance

Shares of Unisys stock opened at $7.44 on Wednesday. The stock’s fifty day moving average is $6.46 and its 200 day moving average is $5.29. Unisys has a one year low of $3.32 and a one year high of $8.49. The stock has a market cap of $516.04 million, a P/E ratio of -1.31, a P/E/G ratio of 1.61 and a beta of 0.73.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share 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 analysts’ expectations 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.33) earnings per share. Analysts predict that Unisys will post 0.31 EPS for the current year.

Institutional Trading of Unisys

A number of hedge funds and other institutional investors have recently modified their holdings of UIS. Point72 DIFC Ltd bought a new position in Unisys in the 2nd quarter worth $30,000. nVerses Capital LLC purchased a new position in shares of Unisys in the third quarter valued at about $36,000. Cubist Systematic Strategies LLC bought a new position in shares of Unisys in the second quarter worth about $41,000. Oak Thistle LLC purchased a new stake in shares of Unisys during the second quarter worth about $52,000. Finally, Creative Planning purchased a new position in Unisys in the 3rd quarter worth approximately $58,000. 86.87% of the stock is 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.