Unisys (NYSE:UIS) Stock Rating Upgraded by Zacks Research

Unisys (NYSE:UIS) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also weighed in on UIS. Needham & Company LLC upped their target price on shares of Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.33.

Unisys Stock Performance

UIS opened at $3.84 on Monday. The firm’s 50-day simple moving average is $2.93 and its 200-day simple moving average is $2.72. Unisys has a twelve month low of $1.97 and a twelve month high of $5.07. The firm has a market cap of $279.72 million, a price-to-earnings ratio of -0.79, a PEG ratio of 0.36 and a beta of 1.84.

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

Insider Transactions at Unisys

In related news, Director Philippe Germond sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $4.15, for a total transaction of $83,000.00. Following the transaction, the director owned 236,453 shares in the company, valued at $981,279.95. This represents a 7.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 43,846 shares of company stock worth $156,102. 11.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC lifted its position in Unisys by 12.4% during the 2nd quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock worth $112,000 after buying an additional 2,728 shares in the last quarter. Calton & Associates Inc. boosted its stake in shares of Unisys by 47.5% in the 3rd quarter. Calton & Associates Inc. now owns 14,750 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 4,750 shares during the last quarter. Pinnacle Holdings LLC boosted its stake in shares of Unisys by 4.3% in the 3rd quarter. Pinnacle Holdings LLC now owns 163,238 shares of the information technology services provider’s stock valued at $637,000 after purchasing an additional 6,749 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Unisys by 7.2% in the 3rd quarter. Alliancebernstein L.P. now owns 102,554 shares of the information technology services provider’s stock valued at $400,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of Unisys in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

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.