Unisys (NYSE:UIS) Lowered to “Hold” Rating by StockNews.com

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

Unisys Price Performance

Shares of NYSE:UIS opened at $6.73 on Friday. Unisys has a 1 year low of $3.32 and a 1 year high of $8.93. The stock’s 50-day moving average is $7.04 and its 200 day moving average is $6.11. The company has a market cap of $466.67 million, a PE ratio of -1.19, a P/E/G ratio of 0.73 and a beta of 0.79.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The business 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%. Unisys’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.33) EPS. Analysts expect that Unisys will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Unisys

A number of institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP grew its holdings in shares of Unisys by 67.2% during the 3rd quarter. GSA Capital Partners LLP now owns 365,589 shares of the information technology services provider’s stock worth $2,077,000 after acquiring an additional 146,899 shares during the period. Zacks Investment Management purchased a new stake in Unisys in the third quarter worth $860,000. JPMorgan Chase & Co. raised its holdings in Unisys by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider’s stock worth $13,215,000 after purchasing an additional 38,572 shares in the last quarter. Bank of Montreal Can lifted its position in 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 valued at $1,187,000 after buying an additional 253,108 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Unisys by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock valued at $8,804,000 after buying an additional 10,277 shares in the last quarter. 86.87% of the stock is owned by 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.