Unisys Corporation (NYSE:UIS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Unisys Corporation (NYSE:UIS) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $6.3333.

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

Insider Activity at Unisys

In related news, Director Philippe Germond sold 20,000 shares of the firm’s 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 of the company’s stock, valued at approximately $981,279.95. This trade represents a 7.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of Unisys by 18.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock valued at $7,768,000 after purchasing an additional 272,627 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Unisys by 106.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 444,084 shares of the information technology services provider’s stock worth $2,012,000 after purchasing an additional 229,233 shares during the last quarter. Cerity Partners LLC lifted its stake in Unisys by 12.4% in the second quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 2,728 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Unisys during the second quarter valued at about $128,000. Finally, Qube Research & Technologies Ltd boosted its position in Unisys by 13.6% during the second quarter. Qube Research & Technologies Ltd now owns 533,004 shares of the information technology services provider’s stock valued at $2,415,000 after buying an additional 64,002 shares during the period. 86.87% of the stock is owned by hedge funds and other institutional investors.

Unisys Stock Down 0.4%

Unisys stock opened at $3.73 on Friday. The stock has a market cap of $272.28 million, a price-to-earnings ratio of -0.77, a PEG ratio of 0.34 and a beta of 1.87. The business has a 50-day simple moving average of $3.45 and a 200 day simple moving average of $2.84. Unisys has a 52 week low of $1.97 and a 52 week high of $4.98.

Unisys (NYSE:UIS) last released its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.12. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%.The firm had revenue of $437.60 million for the quarter, compared to analysts’ expectations of $415.64 million. On average, research analysts anticipate that Unisys will post 0.74 earnings per share for the current year.

Unisys Company Profile

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.