Zacks: Brokerages Set $12.00 Price Target for Unisys Corp. (UIS)
Shares of Unisys Corp. (NYSE:UIS) have received an average broker rating score of 1.67 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company.
Analysts have set a 12 month consensus target price of $12.00 for the company and are anticipating that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Unisys Corp. an industry rank of 112 out of 265 based on the ratings given to related companies.
UIS has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Unisys Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. SunTrust Banks Inc. initiated coverage on shares of Unisys Corp. in a research note on Tuesday, June 21st. They issued a “buy” rating and a $11.00 price objective on the stock.
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Shares of Unisys Corp. (NYSE:UIS) traded up 0.665% during midday trading on Thursday, hitting $9.845. The company’s stock had a trading volume of 190,915 shares. The company has a 50-day moving average price of $9.75 and a 200 day moving average price of $8.53. Unisys Corp. has a 1-year low of $6.72 and a 1-year high of $14.96. The company’s market cap is $493.05 million.
Unisys Corp. (NYSE:UIS) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.61) by $1.42. The firm had revenue of $748.90 million for the quarter, compared to analyst estimates of $683.83 million. Unisys Corp. had a negative net margin of 0.91% and a negative return on equity of 12.92%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. On average, equities research analysts predict that Unisys Corp. will post ($0.56) EPS for the current year.
In related news, Director Nathaniel A. Davis sold 38,200 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $10.43, for a total transaction of $398,426.00. Following the sale, the director now directly owns 3,654 shares of the company’s stock, valued at $38,111.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in Unisys Corp. by 18.5% in the first quarter. JPMorgan Chase & Co. now owns 2,140,650 shares of the company’s stock valued at $16,483,000 after buying an additional 334,567 shares during the last quarter. Royce & Associates LP increased its position in Unisys Corp. by 9.1% in the first quarter. Royce & Associates LP now owns 2,073,820 shares of the company’s stock valued at $15,968,000 after buying an additional 172,500 shares during the last quarter. Menta Capital LLC bought a new position in Unisys Corp. during the first quarter valued at about $634,000. Spark Investment Management LLC bought a new position in Unisys Corp. during the first quarter valued at about $275,000. Finally, Smith Moore & CO. increased its position in Unisys Corp. by 113.6% in the first quarter. Smith Moore & CO. now owns 37,600 shares of the company’s stock valued at $290,000 after buying an additional 20,000 shares during the last quarter.
About Unisys Corp.
Unisys Corporation is an information technology (IT) company. The Company operates through two segments. Its Services segment includes cloud and infrastructure services, application services and business process outsourcing services. In cloud and infrastructure services, it helps clients apply cloud and as-a-service delivery models to manage and secure their IT infrastructure and operations.
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