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

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

Unisys Price Performance

UIS traded down $0.01 during midday trading on Thursday, reaching $3.73. 346,104 shares of the company’s stock were exchanged, compared to its average volume of 593,151. The stock has a market capitalization of $258.22 million, a PE ratio of -0.61 and a beta of 0.86. The business’s 50-day moving average price is $4.35 and its 200 day moving average price is $5.20. Unisys has a 1-year low of $2.60 and a 1-year high of $8.12.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Monday, August 5th. The information technology services provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.17. The business had revenue of $478.20 million during the quarter, compared to analyst estimates of $485.93 million. Unisys had a negative net margin of 20.37% and a negative return on equity of 17.04%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) earnings per share. As a group, analysts expect that Unisys will post -0.28 EPS for the current fiscal year.

Insider Activity

In other news, Director Roxanne Taylor sold 78,868 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $5.08, for a total value of $400,649.44. Following the completion of the transaction, the director now owns 8,009 shares of the company’s stock, valued at $40,685.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Unisys

Several institutional investors and hedge funds have recently bought and sold shares of UIS. Hennessy Advisors Inc. purchased a new stake in Unisys during the first quarter worth approximately $97,000. Charles Schwab Investment Management Inc. grew its stake in Unisys by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,123,029 shares of the information technology services provider’s stock worth $11,931,000 after buying an additional 11,439 shares during the period. Vanguard Group Inc. grew its stake in Unisys by 1.9% during the third quarter. Vanguard Group Inc. now owns 6,019,993 shares of the information technology services provider’s stock worth $20,769,000 after buying an additional 111,332 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Unisys during the first quarter worth approximately $133,000. Finally, GSA Capital Partners LLP grew its stake in Unisys by 64.0% during the first quarter. GSA Capital Partners LLP now owns 203,615 shares of the information technology services provider’s stock worth $1,000,000 after buying an additional 79,457 shares during the period. Institutional investors and hedge funds own 86.87% of the company’s stock.

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.