Unisys (NYSE:UIS) released its earnings results on Thursday. The information technology services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02), Briefing.com reports. Unisys had a net margin of 1.95% and a negative return on equity of 13.59%. The company had revenue of $688.30 million during the quarter, compared to analysts’ expectations of $669.60 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Unisys’s revenue for the quarter was up 3.3% compared to the same quarter last year. Unisys updated its FY 2018 guidance to EPS.
Unisys stock traded down $0.98 during trading on Friday, reaching $17.50. The company had a trading volume of 4,288,180 shares, compared to its average volume of 858,514. Unisys has a 12-month low of $7.20 and a 12-month high of $20.95. The company has a market cap of $951.91 million, a price-to-earnings ratio of 7.23 and a beta of 1.48.
A number of institutional investors have recently added to or reduced their stakes in UIS. American International Group Inc. lifted its position in Unisys by 20.7% during the third quarter. American International Group Inc. now owns 39,704 shares of the information technology services provider’s stock valued at $810,000 after buying an additional 6,818 shares in the last quarter. BlackRock Inc. lifted its position in Unisys by 111.8% during the third quarter. BlackRock Inc. now owns 7,366,240 shares of the information technology services provider’s stock valued at $150,272,000 after buying an additional 3,888,241 shares in the last quarter. Martingale Asset Management L P acquired a new position in Unisys during the third quarter valued at approximately $505,000. Bank of New York Mellon Corp lifted its position in Unisys by 127.2% during the third quarter. Bank of New York Mellon Corp now owns 652,922 shares of the information technology services provider’s stock valued at $13,319,000 after buying an additional 365,506 shares in the last quarter. Finally, EAM Global Investors LLC acquired a new position in Unisys during the third quarter valued at approximately $1,716,000.
UIS has been the subject of a number of recent analyst reports. SunTrust Banks restated a “buy” rating and issued a $16.00 target price on shares of Unisys in a report on Wednesday, August 1st. ValuEngine upgraded shares of Unisys from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Finally, Zacks Investment Research upgraded shares of Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a report on Thursday, August 2nd. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $15.33.
Unisys Company Profile
Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.
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