Unisys (NYSE:UIS) Upgraded at StockNews.com

StockNews.com upgraded shares of Unisys (NYSE:UIS) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Unisys Price Performance

NYSE:UIS opened at $6.89 on Thursday. The firm has a market cap of $477.89 million, a PE ratio of -1.22, a P/E/G ratio of 0.78 and a beta of 0.78. The firm has a 50 day simple moving average of $6.70 and a 200-day simple moving average of $6.33. Unisys has a 1-year low of $3.32 and a 1-year high of $8.93.

Institutional Investors Weigh In On Unisys

Several hedge funds have recently made changes to their positions in UIS. The Manufacturers Life Insurance Company boosted its stake in Unisys by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,123 shares of the information technology services provider’s stock worth $112,000 after buying an additional 2,119 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Unisys in the second quarter worth approximately $41,000. SG Americas Securities LLC grew its holdings in Unisys by 91.2% in the third quarter. SG Americas Securities LLC now owns 22,854 shares of the information technology services provider’s stock valued at $130,000 after purchasing an additional 10,900 shares during the period. Creative Planning purchased a new stake in Unisys in the third quarter valued at approximately $58,000. Finally, nVerses Capital LLC acquired a new position in Unisys during the third quarter worth approximately $36,000. 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.