Unisys (NYSE:UIS) Shares Gap Up – Should You Buy?

Shares of Unisys Co. (NYSE:UIS) gapped up before the market opened on Wednesday . The stock had previously closed at $5.38, but opened at $6.18. Unisys shares last traded at $7.24, with a volume of 1,886,760 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised Unisys from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

Unisys Trading Up 3.6 %

The stock has a market capitalization of $496.47 million, a price-to-earnings ratio of -1.28, a PEG ratio of 2.00 and a beta of 0.78. The company’s 50-day simple moving average is $5.79 and its 200-day simple moving average is $5.06.

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 the consensus estimate of $0.13 by ($0.21). The firm had revenue of $497.00 million for the quarter, compared to analyst estimates of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.33) earnings per share. On average, equities research analysts expect that Unisys Co. will post 0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Unisys during the first quarter valued at about $133,000. BNP Paribas Financial Markets boosted its position in shares of Unisys by 20.2% during the 1st quarter. BNP Paribas Financial Markets now owns 64,808 shares of the information technology services provider’s stock valued at $318,000 after acquiring an additional 10,888 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of 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 purchasing an additional 79,457 shares in the last quarter. Inspire Investing LLC raised its stake in Unisys by 26.9% in the first quarter. Inspire Investing LLC now owns 173,544 shares of the information technology services provider’s stock valued at $852,000 after purchasing an additional 36,805 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Unisys by 10.2% during the first quarter. Russell Investments Group Ltd. now owns 101,905 shares of the information technology services provider’s stock valued at $500,000 after purchasing an additional 9,402 shares during the last quarter. 86.87% of the stock is currently 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.