Unisys (NYSE:UIS) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Unisys (NYSE:UIS) from a hold rating to a buy rating in a research note released on Thursday.

Unisys Price Performance

NYSE:UIS traded down $0.01 during mid-day trading on Thursday, hitting $3.73. The company’s stock had a trading volume of 346,104 shares, compared to its average volume of 593,151. Unisys has a 1 year low of $2.60 and a 1 year high of $8.12. The stock has a market cap of $258.22 million, a price-to-earnings ratio of -0.61 and a beta of 0.86. The business’s fifty day moving average is $4.35 and its two-hundred day moving average is $5.20.

Unisys (NYSE:UIS) last released its quarterly earnings results on Monday, August 5th. The information technology services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.17. Unisys had a negative net margin of 20.37% and a negative return on equity of 17.04%. The firm had revenue of $478.20 million during the quarter, compared to the consensus estimate of $485.93 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts anticipate that Unisys will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Roxanne Taylor sold 78,868 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $5.08, for a total transaction of $400,649.44. Following the completion of the transaction, the director now owns 8,009 shares in the company, valued at approximately $40,685.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Trading of Unisys

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in Unisys by 6.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 67,333 shares of the information technology services provider’s stock valued at $331,000 after acquiring an additional 3,886 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Unisys in the 4th quarter valued at about $34,000. Los Angeles Capital Management LLC raised its holdings in Unisys by 4.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 217,274 shares of the information technology services provider’s stock valued at $1,067,000 after acquiring an additional 8,788 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Unisys by 10.2% in the 1st quarter. Russell Investments Group Ltd. now owns 101,905 shares of the information technology services provider’s stock valued at $500,000 after acquiring an additional 9,402 shares during the last quarter. Finally, Calton & Associates Inc. acquired a new stake in Unisys in the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

About Unisys

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.