Unisys (NYSE:UIS) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other equities research analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Unisys from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Loop Capital dropped their price target on shares of Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, October 31st. Finally, Zacks Investment Research cut shares of Unisys from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Unisys presently has an average rating of “Hold” and a consensus price target of $12.00.

Shares of Unisys (NYSE UIS) opened at $7.60 on Friday. Unisys has a 12-month low of $6.90 and a 12-month high of $16.70. The firm has a market cap of $391.17, a PE ratio of 6.35 and a beta of 1.87. The company has a debt-to-equity ratio of -0.38, a quick ratio of 1.33 and a current ratio of 1.37.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Monday, October 30th. The information technology services provider reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.87. Unisys had a negative net margin of 4.30% and a negative return on equity of 5.32%. The business had revenue of $666.30 million during the quarter, compared to analysts’ expectations of $637.10 million. During the same period last year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. equities research analysts anticipate that Unisys will post 1.39 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its holdings in shares of Unisys by 22.2% in the second quarter. Ameriprise Financial Inc. now owns 430,428 shares of the information technology services provider’s stock valued at $5,521,000 after purchasing an additional 78,259 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Unisys by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 4,881,766 shares of the information technology services provider’s stock worth $62,488,000 after acquiring an additional 128,320 shares during the last quarter. Vanguard Group Inc. lifted its stake in Unisys by 18.7% in the second quarter. Vanguard Group Inc. now owns 6,715,192 shares of the information technology services provider’s stock worth $85,954,000 after acquiring an additional 1,058,172 shares during the last quarter. Strs Ohio lifted its stake in Unisys by 9.0% in the second quarter. Strs Ohio now owns 59,600 shares of the information technology services provider’s stock worth $762,000 after acquiring an additional 4,900 shares during the last quarter. Finally, Adams Asset Advisors LLC lifted its stake in Unisys by 98.9% in the third quarter. Adams Asset Advisors LLC now owns 144,387 shares of the information technology services provider’s stock worth $1,227,000 after acquiring an additional 71,794 shares during the last quarter.

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Unisys Company Profile

Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.

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