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 report published on Saturday morning.

Unisys Stock Performance

Unisys stock opened at $5.31 on Friday. The company has a 50-day simple moving average of $4.41 and a 200-day simple moving average of $5.03. The firm has a market capitalization of $367.61 million, a P/E ratio of -0.90 and a beta of 0.86. Unisys has a one year low of $2.60 and a one year high of $8.12.

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

Institutional Investors Weigh In On Unisys

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Unisys by 4.8% in the first quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock worth $32,076,000 after purchasing an additional 300,941 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Unisys by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,123,029 shares of the information technology services provider’s stock worth $11,931,000 after purchasing an additional 11,439 shares during the period. Federated Hermes Inc. lifted its holdings in Unisys by 13.8% in the second quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after purchasing an additional 162,177 shares during the period. Newport Trust Company LLC lifted its holdings in Unisys by 0.5% in the second quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider’s stock worth $5,389,000 after purchasing an additional 6,894 shares during the period. Finally, Kovack Advisors Inc. lifted its holdings in Unisys by 5.2% in the first quarter. Kovack Advisors Inc. now owns 808,507 shares of the information technology services provider’s stock worth $3,970,000 after purchasing an additional 40,107 shares during the period. 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.