Unisys (UIS) Upgraded at Zacks Investment Research

Unisys (NYSE:UIS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Unisys reported strong fourth-quarter 2017 results with healthy year-over-year increase in revenues and earnings. The company has been restructuring its business to improve profitability. It has a strong product line in its Technology segment and is expanding distribution capabilities by building new reseller channels. The company’s sustained investments in strategic high-potential products and services are expected to drive growth and boost results. The company has outperformed the industry in the last three months. However, Unisys faces stiff competition in the information services and technology marketplace. Also, it operates in a highly volatile industry characterized by rapid technological innovation and continually changing customer demand patterns. A significant amount of Unisys’ revenues comes from the international operations, exposing it to the impact of adverse currency movements.”

A number of other brokerages also recently weighed in on UIS. Susquehanna Bancshares reiterated a “neutral” rating on shares of Unisys in a report on Monday. UBS Group downgraded Unisys from a “positive” rating to a “neutral” rating in a report on Monday. ValuEngine downgraded Unisys from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Loop Capital lowered their target price on Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $12.00.

Shares of Unisys (UIS) traded up $0.45 on Tuesday, hitting $10.70. The stock had a trading volume of 751,397 shares, compared to its average volume of 416,800. Unisys has a 52 week low of $6.90 and a 52 week high of $15.15. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of -0.38. The company has a market capitalization of $499.69, a P/E ratio of -6.94 and a beta of 1.68.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $704.07 million. During the same period last year, the company earned $0.60 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. research analysts predict that Unisys will post 1.58 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UIS. Teacher Retirement System of Texas bought a new stake in shares of Unisys during the fourth quarter valued at approximately $140,000. Stifel Financial Corp bought a new stake in shares of Unisys during the second quarter valued at approximately $141,000. Voya Investment Management LLC increased its holdings in shares of Unisys by 9.8% during the second quarter. Voya Investment Management LLC now owns 25,106 shares of the information technology services provider’s stock valued at $321,000 after acquiring an additional 2,238 shares in the last quarter. Engineers Gate Manager LP increased its holdings in shares of Unisys by 300.9% during the fourth quarter. Engineers Gate Manager LP now owns 40,821 shares of the information technology services provider’s stock valued at $333,000 after acquiring an additional 30,639 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Unisys during the third quarter valued at approximately $338,000.

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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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