StockNews.com Downgrades Unisys (NYSE:UIS) to Hold

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

Unisys Price Performance

NYSE UIS traded up $0.03 during trading on Monday, reaching $6.30. 316,352 shares of the company’s stock traded hands, compared to its average volume of 403,522. The company’s 50 day simple moving average is $7.27 and its two-hundred day simple moving average is $5.99. Unisys has a 12-month low of $3.32 and a 12-month high of $8.93. The firm has a market cap of $436.99 million, a price-to-earnings ratio of -1.11, a price-to-earnings-growth ratio of 1.52 and a beta of 0.79.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UIS. Needham Investment Management LLC raised its stake in 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 valued at $29,820,000 after buying an additional 385,000 shares during the last quarter. 272 Capital LP purchased a new position in shares of Unisys in the 3rd quarter valued at approximately $1,832,000. Bank of Montreal Can boosted its stake in 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 purchasing an additional 253,108 shares in the last quarter. State Street Corp grew its position in Unisys by 13.2% during the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock worth $9,162,000 after purchasing an additional 188,630 shares during the last quarter. Finally, Federated Hermes Inc. grew 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 worth $5,510,000 after purchasing an additional 162,177 shares during the last quarter. 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.