Unisys (NYSE:UIS) Upgraded at Wall Street Zen

Unisys (NYSE:UIS) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other analysts also recently weighed in on UIS. Needham & Company LLC cut their price target on shares of Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Zacks Research lowered shares of Unisys from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research note on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.00.

Unisys Stock Performance

Shares of UIS opened at $2.65 on Friday. Unisys has a 1 year low of $1.97 and a 1 year high of $4.98. The stock has a market capitalization of $192.87 million, a PE ratio of -0.61, a PEG ratio of 0.37 and a beta of 1.98. The stock has a 50-day simple moving average of $2.42 and a 200-day simple moving average of $2.79.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Wednesday, November 4th. The information technology services provider reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.09. Unisys had a negative return on equity of 14.09% and a negative net margin of 21.65%. The company had revenue of $471.50 million for the quarter, compared to analysts’ expectations of $449.92 million. Analysts predict that Unisys will post 0.45 EPS for the current year.

Insiders Place Their Bets

In related news, CAO David Brown sold 10,553 shares of Unisys stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $2.54, for a total transaction of $26,804.62. Following the sale, the chief accounting officer directly owned 103,558 shares in the company, valued at $263,037.32. The trade was a 9.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Unisys

A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its position in shares of Unisys by 5.2% during the third quarter. Russell Investments Group Ltd. now owns 99,669 shares of the information technology services provider’s stock worth $230,000 after acquiring an additional 4,912 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Unisys by 487.1% in the first quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 11,642 shares during the period. Cetera Investment Advisers acquired a new position in Unisys during the first quarter worth about $26,000. Abel Hall LLC bought a new stake in shares of Unisys in the 1st quarter valued at about $27,000. Finally, WINTON GROUP Ltd acquired a new position in Unisys during the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

About Unisys

Unisys Corporation (NYSE:UIS) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its offerings include cloud services, infrastructure modernization, cybersecurity, digital workplace solutions, application services and business process services.

The company serves commercial businesses, governments and other public-sector organizations across North America, Europe, the Asia-Pacific region and Latin America.