Unisys Corporation (NYSE:UIS) Given Consensus Rating of “Moderate Buy” by Analysts

Unisys Corporation (NYSE:UIS) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $6.3333.

UIS has been the topic of a number of research analyst reports. Zacks Research upgraded Unisys from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Wall Street Zen lowered Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Needham & Company LLC increased their price objective on Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th.

Unisys Stock Down 0.4%

Shares of NYSE UIS opened at $3.77 on Wednesday. The firm has a market capitalization of $274.47 million, a P/E ratio of -0.77, a P/E/G ratio of 0.34 and a beta of 1.84. The stock’s 50-day simple moving average is $3.11 and its two-hundred day simple moving average is $2.77. Unisys has a twelve month low of $1.97 and a twelve month high of $4.98.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.12. The business had revenue of $437.60 million for the quarter, compared to analyst estimates of $415.64 million. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%. As a group, research analysts anticipate that Unisys will post 0.74 EPS for the current fiscal year.

Insider Activity at Unisys

In other news, Director Philippe Germond sold 20,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $4.15, for a total transaction of $83,000.00. Following the transaction, the director directly owned 236,453 shares in the company, valued at approximately $981,279.95. This represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 43,846 shares of company stock worth $156,102. 11.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Unisys

Institutional investors have recently modified their holdings of the company. Cetera Investment Advisers bought a new position in shares of Unisys during the 1st quarter valued at about $26,000. Abel Hall LLC bought a new position in shares of Unisys during the 1st quarter valued at about $27,000. Quarry LP increased its position in shares of Unisys by 445.7% during the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 8,335 shares during the last quarter. Royal Bank of Canada increased its position in shares of Unisys by 487.1% during the 1st quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 11,642 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of Unisys during the 3rd quarter valued at about $30,000. 86.87% of the stock is currently owned by institutional investors.

About Unisys

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.