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 report released on Tuesday morning.

Unisys Stock Performance

Shares of Unisys stock opened at $7.92 on Tuesday. Unisys has a 52-week low of $3.32 and a 52-week high of $8.49. The stock has a market cap of $549.33 million, a PE ratio of -1.40, a PEG ratio of 1.74 and a beta of 0.73. The firm has a 50-day moving average of $6.29 and a 200-day moving average of $5.23.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (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 for the quarter, compared to analyst estimates of $486.50 million. During the same quarter in the previous year, the company earned ($0.33) EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts predict that Unisys will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Unisys

Several large investors have recently modified their holdings of the stock. Point72 DIFC Ltd bought a new stake in Unisys during the second quarter worth about $30,000. nVerses Capital LLC bought a new stake in shares of Unisys during the 3rd quarter worth approximately $36,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Unisys during the 2nd quarter worth approximately $41,000. Oak Thistle LLC bought a new position in Unisys in the second quarter valued at approximately $52,000. Finally, Creative Planning acquired a new position in Unisys during the third quarter valued at approximately $58,000. 86.87% of the stock is owned by institutional investors and hedge funds.

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.