Unisys (NYSE:UIS) Rating Lowered to Hold at 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 Wednesday morning.

Unisys Price Performance

Shares of NYSE:UIS opened at $8.19 on Wednesday. The business has a 50-day moving average of $6.56 and a two-hundred day moving average of $5.33. The firm has a market capitalization of $568.06 million, a PE ratio of -1.45, a P/E/G ratio of 1.68 and a beta of 0.73. Unisys has a 12 month low of $3.32 and a 12 month high of $8.49.

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

Institutional Investors Weigh In On Unisys

Several institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in Unisys by 8.5% during the 2nd 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 in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Unisys by 6.1% during the first 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 increased its position 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 worth $74,000 after acquiring an additional 5,866 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Unisys in the third quarter worth about $36,000. Finally, Newport Trust Company LLC grew its stake in Unisys by 0.5% during 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 in the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

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.