Unisys Corporation (NYSE:UIS) Receives Average Recommendation of “Hold” from Analysts

Shares of Unisys Corporation (NYSE:UIS) have received an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $6.3333.

UIS has been the subject of a number of research analyst reports. Wall Street Zen cut Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a report on Monday, April 20th. Finally, Needham & Company LLC increased their target price on Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd.

Unisys Price Performance

Shares of Unisys stock opened at $3.84 on Wednesday. The business has a 50 day simple moving average of $2.93 and a two-hundred day simple moving average of $2.72. Unisys has a 12 month low of $1.97 and a 12 month high of $5.07. The stock has a market capitalization of $279.72 million, a P/E ratio of -0.79, a PEG ratio of 0.36 and a beta of 1.84.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.12. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%.The business had revenue of $437.60 million during the quarter, compared to analysts’ expectations of $415.64 million. As a group, research analysts anticipate that Unisys will post 0.74 EPS for the current fiscal year.

Insider Activity

In other news, Director Philippe Germond sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $4.15, for a total value of $83,000.00. Following the completion of the sale, the director directly owned 236,453 shares in the company, valued at $981,279.95. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 43,846 shares of company stock valued at $156,102 in the last ninety days. 11.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Unisys

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of Unisys by 487.1% in the first quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 11,642 shares in the last quarter. Saba Capital Management L.P. grew its position in shares of Unisys by 15.5% in the first quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock valued at $3,709,000 after purchasing an additional 240,476 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Unisys by 43.0% in the first quarter. Lazard Asset Management LLC now owns 200,155 shares of the information technology services provider’s stock valued at $414,000 after purchasing an additional 60,170 shares in the last quarter. Sei Investments Co. grew its position in shares of Unisys by 169.4% in the first quarter. Sei Investments Co. now owns 69,861 shares of the information technology services provider’s stock valued at $145,000 after purchasing an additional 43,927 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Unisys in the first quarter valued at approximately $26,000. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

About Unisys

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.