Sidoti Initiates Coverage on Unisys (UIS)

Analysts at Sidoti initiated coverage on shares of Unisys (NYSE:UIS) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the information technology services provider’s stock.

Other analysts have also recently issued reports about the company. ValuEngine cut Unisys from a “hold” rating to a “sell” rating in a research report on Saturday, April 13th. SunTrust Banks decreased their price objective on Unisys to $17.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, Zacks Investment Research cut Unisys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.67.

Unisys stock traded down $0.19 during mid-day trading on Thursday, reaching $9.56. 25,860 shares of the company were exchanged, compared to its average volume of 888,748. Unisys has a twelve month low of $9.68 and a twelve month high of $20.95. The stock has a market capitalization of $513.53 million, a price-to-earnings ratio of 4.90 and a beta of 1.41.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Thursday, May 2nd. The information technology services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.13). Unisys had a negative return on equity of 10.47% and a net margin of 0.55%. The company had revenue of $695.80 million for the quarter, compared to analyst estimates of $646.30 million. During the same period in the previous year, the business posted $0.19 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts predict that Unisys will post 1.95 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in Unisys by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 36,460 shares of the information technology services provider’s stock valued at $424,000 after purchasing an additional 801 shares in the last quarter. Comerica Bank increased its stake in Unisys by 2.2% in the 1st quarter. Comerica Bank now owns 50,531 shares of the information technology services provider’s stock valued at $590,000 after purchasing an additional 1,069 shares in the last quarter. Texas Permanent School Fund increased its stake in Unisys by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 34,645 shares of the information technology services provider’s stock valued at $404,000 after purchasing an additional 1,255 shares in the last quarter. Teachers Advisors LLC increased its stake in Unisys by 1.6% in the 3rd quarter. Teachers Advisors LLC now owns 100,506 shares of the information technology services provider’s stock valued at $2,050,000 after purchasing an additional 1,574 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Unisys by 19.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,184 shares of the information technology services provider’s stock valued at $131,000 after purchasing an additional 1,802 shares in the last quarter.

Unisys Company Profile

Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.

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