Unisys (UIS) Cut to “Neutral” at UBS Group

Unisys (NYSE:UIS) was downgraded by equities researchers at UBS Group from a “positive” rating to a “neutral” rating in a report released on Monday, The Fly reports.

A number of other brokerages have also weighed in on UIS. ValuEngine lowered Unisys from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Loop Capital lowered their price target on 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 lowered Unisys from a “hold” rating to a “strong sell” rating in a research report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.00.

Shares of Unisys (NYSE UIS) traded up $0.35 during trading hours on Monday, hitting $10.25. The stock had a trading volume of 1,463,402 shares, compared to its average volume of 407,904. The company has a debt-to-equity ratio of -0.38, a current ratio of 1.37 and a quick ratio of 1.33. Unisys has a one year low of $6.90 and a one year high of $15.15. The firm has a market capitalization of $499.69, a price-to-earnings ratio of -6.48 and a beta of 1.68.

Unisys (NYSE:UIS) last issued its earnings results on Thursday, February 8th. The information technology services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $1.02. Unisys had a negative return on equity of 10.45% and a negative net margin of 2.35%. The company had revenue of $746.60 million for the quarter, compared to analyst estimates of $704.07 million. During the same period in the prior year, the firm earned $0.60 earnings per share. Unisys’s revenue for the quarter was up 3.5% on a year-over-year basis. research analysts anticipate that Unisys will post 1.58 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Unisys by 18.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,715,192 shares of the information technology services provider’s stock valued at $85,954,000 after buying an additional 1,058,172 shares during the last quarter. Towle & Co. raised its position in Unisys by 31.0% in the 3rd quarter. Towle & Co. now owns 2,976,222 shares of the information technology services provider’s stock valued at $25,298,000 after buying an additional 704,306 shares during the last quarter. Royce & Associates LP raised its position in Unisys by 22.7% in the 4th quarter. Royce & Associates LP now owns 2,126,758 shares of the information technology services provider’s stock valued at $17,333,000 after buying an additional 393,410 shares during the last quarter. Neuberger Berman Group LLC raised its position in Unisys by 50.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,496,334 shares of the information technology services provider’s stock valued at $12,719,000 after buying an additional 503,443 shares during the last quarter. Finally, State Street Corp raised its position in Unisys by 5.7% in the 2nd quarter. State Street Corp now owns 1,063,863 shares of the information technology services provider’s stock valued at $13,616,000 after buying an additional 57,754 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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