Unisys Corporation (NYSE:UIS) Receives Consensus Recommendation of “Hold” from Brokerages

Unisys Corporation (NYSE:UIS) has received a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $6.3333.

Several research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research note on Monday, April 20th. Wall Street Zen lowered Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Needham & Company LLC lifted their target price on Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd.

Unisys Price Performance

Shares of UIS stock opened at $3.84 on Wednesday. Unisys has a 1-year low of $1.97 and a 1-year high of $5.07. The stock’s fifty day moving average price is $2.93 and its 200 day moving average price is $2.72. The company has a market cap of $279.72 million, a price-to-earnings ratio of -0.79, a price-to-earnings-growth ratio of 0.36 and a beta of 1.84.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.12. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%.The firm had revenue of $437.60 million for the quarter, compared to the consensus estimate of $415.64 million. As a group, equities research analysts anticipate that Unisys will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Philippe Germond sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $4.15, for a total value of $83,000.00. Following the sale, the director owned 236,453 shares in the company, valued at $981,279.95. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 43,846 shares of company stock valued at $156,102 in the last 90 days. 11.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Unisys

A number of large investors have recently bought and sold shares of UIS. Cetera Investment Advisers purchased a new stake in shares of Unisys in the first quarter worth about $26,000. Abel Hall LLC purchased a new stake in shares of Unisys in the first quarter worth about $27,000. Quarry LP boosted its stake in shares of Unisys by 445.7% in the fourth quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock worth $28,000 after buying an additional 8,335 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Unisys by 487.1% in the first quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock worth $29,000 after buying an additional 11,642 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Unisys in the third quarter worth about $30,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.

About Unisys

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.