Unisys Co. (NYSE:UIS – Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $5.38, but opened at $6.18. Unisys shares last traded at $7.24, with a volume of 1,886,760 shares traded.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a research report on Friday, October 25th.
Check Out Our Latest Report on Unisys
Unisys Stock Up 3.6 %
Unisys (NYSE:UIS – Get Free Report) last posted its earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. During the same period in the previous year, the company posted ($0.33) EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, analysts expect that Unisys Co. will post 0.24 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. 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 stake in Unisys during the 3rd quarter worth approximately $36,000. Cubist Systematic Strategies LLC bought a new stake in Unisys during the 2nd quarter worth approximately $41,000. Oak Thistle LLC bought a new stake in Unisys during the 2nd quarter worth approximately $52,000. Finally, Creative Planning bought a new stake in Unisys during the 3rd quarter worth approximately $58,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.
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.
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