Unisys (NYSE:UIS) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a report issued on Friday morning.

Unisys Stock Performance

NYSE:UIS opened at $6.54 on Friday. The firm’s fifty day moving average is $7.25 and its 200-day moving average is $5.70. Unisys has a 52 week low of $3.32 and a 52 week high of $8.93. The firm has a market cap of $453.63 million, a P/E ratio of -1.16, a P/E/G ratio of 1.52 and a beta of 0.75.

Unisys (NYSE:UIS) last issued its earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The firm had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. Unisys’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.33) earnings per share. As a group, sell-side analysts anticipate that Unisys will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Unisys

Several hedge funds and other institutional investors have recently modified their holdings of UIS. Point72 DIFC Ltd bought a new stake in shares of Unisys in the 2nd quarter valued at about $30,000. nVerses Capital LLC bought a new position in Unisys during the 3rd quarter valued at approximately $36,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Unisys during the second quarter valued at approximately $41,000. Oak Thistle LLC bought a new stake in shares of Unisys in the 2nd quarter worth $52,000. Finally, Creative Planning bought a new position in Unisys during the 3rd quarter valued at about $58,000. 86.87% of the stock is currently owned by institutional investors.

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.