Unisys (NYSE:UIS) Announces Earnings Results, Beats Estimates By $0.12 EPS

Unisys (NYSE:UIS) released its earnings results on Tuesday. The information technology services provider reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.12, Zacks reports. Unisys had a negative return on equity of 24.23% and a negative net margin of 17.70%.The firm had revenue of $437.60 million during the quarter, compared to analysts’ expectations of $415.64 million.

Unisys Price Performance

Shares of NYSE UIS traded down $0.17 during midday trading on Thursday, hitting $3.10. 667,391 shares of the company’s stock were exchanged, compared to its average volume of 818,128. Unisys has a twelve month low of $1.97 and a twelve month high of $6.06. The company has a market cap of $224.43 million, a PE ratio of -0.64, a P/E/G ratio of 0.31 and a beta of 1.60. The firm’s fifty day simple moving average is $2.34 and its 200-day simple moving average is $2.67.

Institutional Trading of Unisys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UIS. Quarry LP boosted its holdings in shares of Unisys by 445.7% in the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 8,335 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Unisys during the 3rd quarter worth $30,000. PharVision Advisers LLC purchased a new stake in Unisys in the third quarter valued at $39,000. Northwestern Mutual Wealth Management Co. lifted its position in Unisys by 100,000.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in Unisys in the fourth quarter valued at $47,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UIS shares. Wall Street Zen upgraded Unisys from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $4.00 target price on shares of Unisys in a report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Unisys presently has an average rating of “Hold” and a consensus price target of $5.67.

Unisys Company Profile

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.