Unisys Corporation (NYSE:UIS) Given Average Recommendation of “Hold” by Brokerages

Unisys Corporation (NYSE:UIS) has earned an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $5.8750.

Several equities research analysts have recently issued reports on UIS shares. William Blair assumed coverage on shares of Unisys in a research report on Wednesday, December 10th. They set an “outperform” rating for the company. Jefferies Financial Group initiated coverage on Unisys in a report on Monday, September 22nd. They set a “hold” rating and a $4.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research note on Wednesday, October 8th. Wall Street Zen cut Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Needham & Company LLC dropped their target price on Unisys from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th.

Unisys Price Performance

NYSE UIS opened at $3.23 on Friday. Unisys has a one year low of $2.37 and a one year high of $7.54. The firm has a market cap of $229.96 million, a P/E ratio of -0.70, a P/E/G ratio of 0.33 and a beta of 1.38. The stock’s 50-day moving average is $2.80 and its 200-day moving average is $3.58.

Unisys (NYSE:UIS) last posted its earnings results on Thursday, June 15th. The information technology services provider reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $446.70 million for the quarter. Unisys had a negative return on equity of 11.31% and a negative net margin of 17.10%. Equities analysts anticipate that Unisys will post 0.61 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC bought a new position in Unisys in the third quarter valued at $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Unisys by 100,000.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock worth $39,000 after buying an additional 10,000 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of Unisys in the 3rd quarter valued at about $39,000. Byrne Asset Management LLC acquired a new stake in shares of Unisys in the second quarter valued at about $46,000. Finally, Los Angeles Capital Management LLC bought a new stake in Unisys during the second quarter worth about $53,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

Unisys Company Profile

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.