Unisys (NYSE:UIS) Hits New 52-Week High at $21.84

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Unisys Co. (NYSE:UIS)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $21.84 and last traded at $21.84, with a volume of 8464 shares. The stock had previously closed at $21.07.

UIS has been the topic of a number of research analyst reports. Sidoti started coverage on shares of Unisys in a report on Monday, December 7th. They issued a “buy” rating on the stock. BidaskClub upgraded Unisys from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 8th.

The business’s 50-day moving average price is $18.05 and its two-hundred day moving average price is $13.38. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 1.56 and a beta of 0.61.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Saturday, October 31st. The information technology services provider reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.44. Unisys had a negative return on equity of 9.91% and a net margin of 37.20%. The company had revenue of $495.20 million for the quarter, compared to analysts’ expectations of $485.10 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was down 34.6% on a year-over-year basis.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its holdings in Unisys by 230.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,905 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 2,725 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Unisys by 184.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,824 shares of the information technology services provider’s stock worth $96,000 after buying an additional 5,721 shares during the period. 6 Meridian purchased a new position in Unisys in the 3rd quarter valued at approximately $122,000. BNP Paribas Arbitrage SA raised its holdings in Unisys by 211.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,775 shares of the information technology services provider’s stock valued at $168,000 after acquiring an additional 10,713 shares during the period. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Unisys during the second quarter worth $226,000. 98.91% of the stock is currently owned by hedge funds and other institutional investors.

About Unisys (NYSE:UIS)

Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security consulting services, the Unisys Incident Response Ecosystem subscription service, and the TrustCheck cyber risk management solution.

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