Unisys (NYSE:UIS) Stock Rating Upgraded by StockNews.com

Unisys (NYSE:UIS) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Unisys Trading Up 4.8 %

NYSE:UIS traded up $0.31 during trading hours on Tuesday, hitting $6.85. 277,561 shares of the stock traded hands, compared to its average volume of 364,812. The firm has a 50 day moving average price of $6.88 and a 200 day moving average price of $6.24. The firm has a market cap of $475.19 million, a price-to-earnings ratio of -1.21, a PEG ratio of 0.73 and a beta of 0.78. Unisys has a fifty-two week low of $3.32 and a fifty-two week high of $8.93.

Institutional Investors Weigh In On Unisys

A number of institutional investors have recently bought and sold shares of UIS. nVerses Capital LLC purchased a new stake in shares of Unisys in the third quarter worth approximately $36,000. Cubist Systematic Strategies LLC acquired a new position in Unisys in the 2nd quarter valued at approximately $41,000. Creative Planning purchased a new stake in Unisys in the 3rd quarter worth approximately $58,000. Paloma Partners Management Co acquired a new stake in shares of Unisys during the 3rd quarter valued at $60,000. Finally, Virtu Financial LLC purchased a new position in shares of Unisys during the 3rd quarter valued at $62,000. 86.87% of the stock is currently 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.