Brokerages Set Unisys Corporation (NYSE:UIS) Price Target at $4.50

Shares of Unisys Corporation (NYSE:UIS) have received an average recommendation of “Hold” from the five brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $4.50.

A number of equities research analysts recently weighed in on UIS shares. Needham & Company LLC dropped their price objective on Unisys from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a report on Friday, July 17th. Zacks Research lowered shares of Unisys from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th.

Insider Activity at Unisys

In related news, Director Philippe Germond sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $4.15, for a total transaction of $83,000.00. Following the completion of the sale, the director owned 236,453 shares of the company’s stock, valued at $981,279.95. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Unisys

Several institutional investors and hedge funds have recently bought and sold shares of the company. IES Holdings Inc. acquired a new position in Unisys during the 4th quarter valued at about $3,235,000. Millennium Management LLC raised its stake in Unisys by 170.6% in the third quarter. Millennium Management LLC now owns 1,726,339 shares of the information technology services provider’s stock valued at $6,733,000 after buying an additional 1,088,380 shares during the last quarter. Saba Capital Management L.P. boosted its holdings in Unisys by 65.8% in the fourth quarter. Saba Capital Management L.P. now owns 1,551,487 shares of the information technology services provider’s stock worth $4,282,000 after acquiring an additional 615,632 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Unisys by 36.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider’s stock worth $4,816,000 after acquiring an additional 468,340 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Unisys by 29.1% during the fourth quarter. Federated Hermes Inc. now owns 1,494,555 shares of the information technology services provider’s stock worth $4,125,000 after acquiring an additional 336,711 shares during the last quarter. 86.87% of the stock is owned by hedge funds and other institutional investors.

Unisys Price Performance

Unisys stock opened at $2.69 on Monday. The firm has a market cap of $196.15 million, a P/E ratio of -0.46, a P/E/G ratio of 0.31 and a beta of 1.90. The business has a fifty day moving average of $3.28 and a two-hundred day moving average of $2.94. Unisys has a twelve month low of $1.97 and a twelve month high of $4.98.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Wednesday, July 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $473.50 million during the quarter, compared to analysts’ expectations of $448.92 million. Unisys had a negative net margin of 21.65% and a negative return on equity of 14.09%. Equities analysts expect that Unisys will post 0.57 earnings per share for the current year.

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.