Brokerages Set Unisys Corporation (NYSE:UIS) PT at $5.67

Shares of Unisys Corporation (NYSE:UIS) have earned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $5.6667.

Several equities analysts have recently issued reports on UIS shares. Needham & Company LLC reissued a “buy” rating and issued a $4.00 price target on shares of Unisys in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th. Finally, Wall Street Zen lowered Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th.

Institutional Investors Weigh In On Unisys

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. grew its holdings in Unisys by 1.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,011,296 shares of the information technology services provider’s stock worth $2,791,000 after purchasing an additional 11,887 shares during the period. Qube Research & Technologies Ltd boosted its stake in Unisys by 13.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 533,004 shares of the information technology services provider’s stock valued at $2,415,000 after purchasing an additional 64,002 shares during the period. Squarepoint Ops LLC boosted its stake in Unisys by 725.6% in the 2nd quarter. Squarepoint Ops LLC now owns 203,317 shares of the information technology services provider’s stock valued at $921,000 after purchasing an additional 178,691 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Unisys in the 4th quarter valued at $387,000. Finally, Algert Global LLC lifted its position in shares of Unisys by 101.7% during the 3rd quarter. Algert Global LLC now owns 69,403 shares of the information technology services provider’s stock valued at $271,000 after acquiring an additional 35,000 shares during the period. 86.87% of the stock is owned by institutional investors.

Unisys Stock Up 1.2%

Unisys stock opened at $3.03 on Friday. The business’s 50-day simple moving average is $2.45 and its 200 day simple moving average is $2.64. The stock has a market cap of $220.52 million, a price-to-earnings ratio of -0.62, a P/E/G ratio of 0.28 and a beta of 1.60. Unisys has a 12-month low of $1.97 and a 12-month high of $5.32.

Unisys (NYSE:UIS) last released its 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 analyst estimates of $415.64 million. As a group, sell-side analysts expect that Unisys will post 0.7 EPS for the current year.

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.