Unisys (NYSE:UIS) Stock Rating Upgraded by StockNews.com

Unisys (NYSE:UIS) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Unisys Stock Performance

Shares of NYSE UIS traded up $0.25 during mid-day trading on Friday, reaching $5.65. 897,514 shares of the company traded hands, compared to its average volume of 571,496. The stock has a market cap of $391.14 million, a PE ratio of -0.95, a price-to-earnings-growth ratio of 1.79 and a beta of 0.78. The company’s fifty day moving average is $5.74 and its two-hundred day moving average is $5.05. Unisys has a fifty-two week low of $2.60 and a fifty-two week high of $8.12.

Unisys (NYSE:UIS) last announced its earnings results on Monday, August 5th. The information technology services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.17. Unisys had a negative return on equity of 24.50% and a negative net margin of 18.95%. 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 company earned ($0.09) EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Research analysts forecast that Unisys will post 0.24 earnings per share for the current year.

Institutional Trading of Unisys

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Unisys by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock valued at $32,076,000 after purchasing an additional 300,941 shares during the period. Hennessy Advisors Inc. bought a new stake in Unisys during the 1st quarter valued at approximately $97,000. Federated Hermes Inc. lifted its position in shares of Unisys by 13.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after acquiring an additional 162,177 shares during the period. Bank of Montreal Can lifted its position in shares of Unisys by 738.6% in the 2nd quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider’s stock worth $1,187,000 after acquiring an additional 253,108 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Unisys in the 1st quarter worth approximately $133,000. Institutional investors own 86.87% of the company’s stock.

Unisys Company Profile

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.