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

StockNews.com lowered shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a research report released on Monday morning.

Unisys Stock Performance

NYSE:UIS opened at $6.62 on Monday. The firm has a market capitalization of $459.18 million, a PE ratio of -1.17, a PEG ratio of 1.52 and a beta of 0.79. The stock’s fifty day moving average is $7.25 and its 200 day moving average is $6.00. Unisys has a fifty-two week low of $3.32 and a fifty-two week high of $8.93.

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 analysts’ consensus estimates of $0.13 by ($0.21). The firm had revenue of $497.00 million for the quarter, compared to the consensus estimate of $486.50 million. Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.33) EPS. Equities analysts forecast that Unisys will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Needham Investment Management LLC lifted its stake in shares of Unisys by 7.9% during the 3rd quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock worth $29,820,000 after acquiring an additional 385,000 shares during the last quarter. 272 Capital LP bought a new stake in shares of Unisys during the third quarter worth $1,832,000. Bank of Montreal Can lifted its position in shares of Unisys by 738.6% during the second quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider’s stock worth $1,187,000 after purchasing an additional 253,108 shares during the last quarter. State Street Corp boosted its stake in shares of Unisys by 13.2% during the third quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock valued at $9,162,000 after purchasing an additional 188,630 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of Unisys by 13.8% in the second quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after purchasing an additional 162,177 shares during 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.