Unisys (NYSE:UIS) Raised to “Buy” at StockNews.com

Unisys (NYSE:UIS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

Unisys Price Performance

Shares of UIS stock opened at $6.42 on Friday. Unisys has a 1 year low of $3.32 and a 1 year high of $8.93. The stock has a market capitalization of $445.31 million, a price-to-earnings ratio of -1.13, a PEG ratio of 1.52 and a beta of 0.75. The company’s fifty day simple moving average is $7.23 and its two-hundred day simple moving average is $5.80.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.21). Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The company had revenue of $497.00 million for the quarter, compared to the consensus estimate of $486.50 million. During the same quarter in the prior year, the company earned ($0.33) earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Unisys will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Unisys

Several hedge funds have recently bought and sold shares of UIS. Point72 DIFC Ltd bought a new stake in Unisys in the second quarter valued at approximately $30,000. nVerses Capital LLC purchased a new position in shares of Unisys in the third quarter valued at about $36,000. Cubist Systematic Strategies LLC bought a new position in shares of Unisys during the second quarter valued at about $41,000. Oak Thistle LLC purchased a new stake in shares of Unisys during the second quarter worth about $52,000. Finally, Creative Planning bought a new stake in shares of Unisys in the third quarter worth about $58,000. 86.87% of the stock is currently owned by institutional investors.

About Unisys

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.