Unisys (NYSE:UIS) Downgraded by StockNews.com to "Hold"

Unisys (NYSE:UIS - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Unisys Stock Up 4.1 %

NYSE:UIS traded up $0.28 during mid-day trading on Friday, reaching $7.19. 808,982 shares of the company were exchanged, compared to its average volume of 587,852. Unisys has a 12 month low of $2.68 and a 12 month high of $8.12. The stock has a market cap of $498.55 million, a PE ratio of -1.27, a PEG ratio of 2.00 and a beta of 0.78. The company has a fifty day moving average of $5.86 and a 200 day moving average of $5.08.

Unisys (NYSE:UIS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $486.50 million. During the same period in the prior year, the business earned ($0.33) EPS. The business's revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts anticipate that Unisys will post 0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UIS. Hennion & Walsh Asset Management Inc. lifted its holdings in Unisys by 62.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 46,084 shares of the information technology services provider's stock valued at $262,000 after buying an additional 17,744 shares during the period. Net Worth Advisory Group bought a new position in shares of Unisys in the 3rd quarter worth $172,000. nVerses Capital LLC acquired a new stake in shares of Unisys during the third quarter worth $36,000. Creative Planning bought a new stake in Unisys in the third quarter valued at about $58,000. Finally, SG Americas Securities LLC lifted its stake in Unisys by 91.2% in the third quarter. SG Americas Securities LLC now owns 22,854 shares of the information technology services provider's stock valued at $130,000 after buying an additional 10,900 shares during the period. Institutional investors own 86.87% of the company's stock.

Unisys Company Profile

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.