Unisys Corporation (NYSE:UIS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Unisys Corporation (NYSE:UIS) have been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $5.8750.

A number of research firms recently commented on UIS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research report on Wednesday, October 8th. Needham & Company LLC dropped their price objective on Unisys from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Maxim Group raised Unisys from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Monday, August 4th. Wall Street Zen cut Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Jefferies Financial Group assumed coverage on shares of Unisys in a research report on Monday, September 22nd. They set a “hold” rating and a $4.00 target price on the stock.

Unisys Stock Performance

NYSE:UIS opened at $2.48 on Friday. The stock has a 50-day simple moving average of $3.51 and a 200-day simple moving average of $4.07. The stock has a market cap of $176.98 million, a P/E ratio of -2.10, a P/E/G ratio of 0.52 and a beta of 1.42. Unisys has a 1 year low of $2.37 and a 1 year high of $8.93.

Unisys (NYSE:UIS) last issued its earnings results on Thursday, June 15th. The information technology services provider reported ($0.02) earnings per share for the quarter. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%.The business had revenue of $446.70 million for the quarter. On average, equities research analysts predict that Unisys will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Unisys

A number of institutional investors and hedge funds have recently made changes to their positions in UIS. Aquatic Capital Management LLC purchased a new position in shares of Unisys during the third quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Unisys by 100,000.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 10,000 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Unisys in the third quarter valued at approximately $39,000. AlphaQuest LLC increased its stake in Unisys by 56.9% in the 1st quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider’s stock valued at $45,000 after buying an additional 3,523 shares during the period. Finally, Byrne Asset Management LLC purchased a new stake in shares of Unisys in the second quarter valued at about $46,000. 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.