ValuEngine upgraded shares of Unisys (NYSE:UIS) from a hold rating to a buy rating in a report published on Friday.
A number of other analysts have also recently weighed in on the stock. BidaskClub raised shares of Unisys from a strong sell rating to a sell rating in a report on Friday, August 25th. Loop Capital dropped their target price on shares of Unisys from $12.00 to $9.00 and set a hold rating on the stock in a report on Tuesday, October 31st. Finally, Zacks Investment Research cut shares of Unisys from a hold rating to a strong sell rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $12.00.
Unisys (UIS) traded down $0.15 on Friday, reaching $7.60. 456,820 shares of the company traded hands, compared to its average volume of 560,361. The firm has a market capitalization of $391.17, a PE ratio of 6.35 and a beta of 1.87. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of -0.38. Unisys has a 1 year low of $6.90 and a 1 year high of $16.70.
Unisys (NYSE:UIS) last posted its quarterly earnings results on Monday, October 30th. The information technology services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.87. The firm had revenue of $666.30 million for the quarter, compared to analysts’ expectations of $637.10 million. Unisys had a negative net margin of 4.30% and a negative return on equity of 5.32%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. sell-side analysts predict that Unisys will post 1.39 earnings per share for the current year.
Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Unisys by 18.7% during the second quarter. Vanguard Group Inc. now owns 6,715,192 shares of the information technology services provider’s stock worth $85,954,000 after purchasing an additional 1,058,172 shares during the period. Fairpointe Capital LLC raised its holdings in shares of Unisys by 3.9% during the second quarter. Fairpointe Capital LLC now owns 6,021,503 shares of the information technology services provider’s stock worth $77,075,000 after purchasing an additional 228,358 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Unisys by 2.7% during the second quarter. JPMorgan Chase & Co. now owns 4,881,766 shares of the information technology services provider’s stock worth $62,488,000 after purchasing an additional 128,320 shares during the period. Towle & Co. raised its holdings in shares of Unisys by 31.0% during the third quarter. Towle & Co. now owns 2,976,222 shares of the information technology services provider’s stock worth $25,298,000 after purchasing an additional 704,306 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Unisys by 35.6% during the second quarter. Alliancebernstein L.P. now owns 2,400,663 shares of the information technology services provider’s stock worth $30,728,000 after purchasing an additional 629,880 shares during the period.
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Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.
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