Unisys (NYSE:UIS) Stock Bumped Down to “Strong Sell” by Zacks Research

Zacks Research downgraded shares of Unisys (NYSE:UIS) from a hold rating to a strong sell rating in a research note published on Thursday morning,Zacks reports.

Several other analysts have also recently issued reports on UIS. Needham & Company LLC decreased their target price on shares of 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 restated a “sell (d-)” rating on shares of Unisys in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.00.

Unisys Stock Performance

Shares of UIS traded down $0.04 during mid-day trading on Thursday, hitting $2.21. 524,214 shares of the stock were exchanged, compared to its average volume of 686,492. The company has a market cap of $160.79 million, a PE ratio of -0.37, a price-to-earnings-growth ratio of 0.33 and a beta of 1.97. Unisys has a 52-week low of $1.97 and a 52-week high of $4.98. The firm has a 50-day moving average of $2.50 and a two-hundred day moving average of $2.96.

Unisys (NYSE:UIS) last posted its earnings results on Wednesday, July 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business 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%. On average, sell-side analysts predict that Unisys will post 0.45 EPS for the current year.

Insider Buying and Selling

In other Unisys news, CAO David Brown sold 10,553 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $2.54, for a total value of $26,804.62. Following the sale, the chief accounting officer owned 103,558 shares in the company, valued at $263,037.32. This trade represents a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers bought a new position in Unisys in the 1st quarter worth about $26,000. Abel Hall LLC bought a new position in Unisys in the first quarter worth approximately $27,000. Royal Bank of Canada grew its stake in 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 worth $29,000 after purchasing an additional 11,642 shares in the last quarter. WINTON GROUP Ltd bought a new position in Unisys in the second quarter worth approximately $48,000. Finally, Diversified Trust Co increased its holdings in Unisys by 38.8% during the 1st quarter. Diversified Trust Co now owns 29,583 shares of the information technology services provider’s stock worth $61,000 after purchasing an additional 8,270 shares during the period. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Company Profile

Unisys Corporation (NYSE: UIS) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its offerings include cloud and infrastructure services, digital workplace solutions, cybersecurity, application modernization, and business process services.

The company provides technology consulting, systems integration, managed services, and support for enterprise computing environments. Unisys also develops specialized solutions for areas such as digital identity, secure infrastructure, transportation, government services, and other industries with complex technology and security requirements.

Unisys was formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, two established computer companies.