Unisys (NYSE:UIS) Rating Lowered to Hold at StockNews.com

Unisys (NYSE:UIS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Unisys Price Performance

Shares of Unisys stock traded up $0.03 during trading hours on Monday, reaching $6.30. The company’s stock had a trading volume of 316,352 shares, compared to its average volume of 403,522. Unisys has a one year low of $3.32 and a one year high of $8.93. The firm has a 50 day moving average price of $7.27 and a 200-day moving average price of $5.99. The stock has a market cap of $436.99 million, a P/E ratio of -1.11, a P/E/G ratio of 1.52 and a beta of 0.79.

Unisys (NYSE:UIS) last issued 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 company had revenue of $497.00 million for the quarter, compared to the consensus estimate 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 revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.33) earnings per share. As a group, sell-side analysts forecast that Unisys will post 0.31 EPS for the current fiscal year.

Institutional Trading of Unisys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake 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 valued at $112,000 after purchasing an additional 2,119 shares during the period. Diversified Trust Co lifted its holdings in Unisys by 12.4% during the 4th quarter. Diversified Trust Co now owns 21,613 shares of the information technology services provider’s stock valued at $137,000 after buying an additional 2,380 shares in the last quarter. ProShare Advisors LLC boosted its position in Unisys by 49.1% in the 2nd quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider’s stock valued at $74,000 after buying an additional 5,866 shares during the period. nVerses Capital LLC purchased a new position in shares of Unisys during the third quarter worth approximately $36,000. Finally, Newport Trust Company LLC increased its position in shares of Unisys by 0.5% during the second quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider’s stock worth $5,389,000 after acquiring an additional 6,894 shares during the period. 86.87% of the stock is owned by hedge funds and other 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.