Unisys (NYSE:UIS) Cut to Hold at StockNews.com

Unisys (NYSE:UIS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Unisys Price Performance

NYSE:UIS opened at $7.37 on Wednesday. Unisys has a 1-year low of $3.32 and a 1-year high of $8.49. The business has a 50 day moving average of $6.41 and a 200 day moving average of $5.28. The company has a market capitalization of $511.18 million, a price-to-earnings ratio of -1.30, a PEG ratio of 1.61 and a beta of 0.73.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The business 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%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. As a group, sell-side analysts anticipate that Unisys will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position 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 worth $32,076,000 after acquiring an additional 300,941 shares during the last quarter. Needham Investment Management LLC increased its stake in shares of Unisys by 7.9% in the third quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock worth $29,820,000 after buying an additional 385,000 shares during the period. State Street Corp increased its stake in shares of Unisys by 13.2% in the third quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock worth $9,162,000 after buying an additional 188,630 shares during the period. Geode Capital Management LLC boosted its position in Unisys by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock valued at $8,804,000 after buying an additional 10,277 shares during the period. Finally, Federated Hermes Inc. boosted its position in Unisys by 13.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock valued at $5,510,000 after buying an additional 162,177 shares during the period. Hedge funds and other 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.