Unisys (NYSE:UIS) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a research note published on Wednesday.

Unisys Price Performance

UIS opened at $8.19 on Wednesday. The business has a 50 day simple moving average of $6.56 and a 200-day simple moving average of $5.33. The stock has a market capitalization of $568.06 million, a P/E ratio of -1.45, a P/E/G ratio of 1.68 and a beta of 0.73. Unisys has a 12 month low of $3.32 and a 12 month high of $8.49.

Unisys (NYSE:UIS) last released its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.21). The business had revenue of $497.00 million during the quarter, compared to analysts’ expectations 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 company posted ($0.33) EPS. Research analysts anticipate that Unisys will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UIS. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 300,941 shares during the last quarter. Needham Investment Management LLC raised its holdings 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 acquiring an additional 385,000 shares during the last quarter. State Street Corp raised its holdings 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 acquiring an additional 188,630 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Unisys by 0.7% during the third 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 acquiring an additional 10,277 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Unisys by 13.8% in 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 purchasing an additional 162,177 shares during the last quarter. 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.