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

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

Unisys Price Performance

UIS stock opened at $7.43 on Friday. The business has a fifty day moving average price of $5.89 and a 200 day moving average price of $5.09. Unisys has a fifty-two week low of $2.85 and a fifty-two week high of $8.12. The stock has a market capitalization of $515.34 million, a price-to-earnings ratio of -1.31, a P/E/G ratio of 1.55 and a beta of 0.73.

Unisys (NYSE:UIS) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $486.50 million. Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned ($0.33) EPS. On average, equities analysts expect that Unisys will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Unisys

Several institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in shares of Unisys by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 27,123 shares of the information technology services provider’s stock worth $112,000 after buying an additional 2,119 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Unisys by 6.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 67,333 shares of the information technology services provider’s stock valued at $331,000 after acquiring an additional 3,886 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Unisys by 49.1% during the second quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 5,866 shares during the period. nVerses Capital LLC bought a new position in Unisys in the third quarter worth approximately $36,000. Finally, Newport Trust Company LLC grew its position in Unisys by 0.5% in the 2nd 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. 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.