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

Unisys (NYSE:UIS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Unisys Price Performance

Shares of Unisys stock traded down $0.22 during midday trading on Friday, hitting $6.54. The company had a trading volume of 1,738,807 shares, compared to its average volume of 606,711. Unisys has a 1-year low of $3.32 and a 1-year high of $8.93. The business’s 50 day simple moving average is $7.25 and its two-hundred day simple moving average is $5.70. The stock has a market cap of $453.63 million, a PE ratio of -1.16, a P/E/G ratio of 1.52 and a beta of 0.75.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in shares of Unisys in the 2nd quarter valued at $30,000. nVerses Capital LLC acquired a new position in Unisys in the third quarter worth about $36,000. Cubist Systematic Strategies LLC bought a new position in Unisys during the second quarter worth about $41,000. Oak Thistle LLC acquired a new stake in Unisys during the second quarter valued at approximately $52,000. Finally, Creative Planning acquired a new stake in Unisys during the third quarter valued at approximately $58,000. 86.87% of the stock is owned by 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.