StockNews.com Downgrades Unisys (NYSE:UIS) to Hold

StockNews.com downgraded shares of Unisys (NYSE:UIS - Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Unisys Stock Up 0.9 %

Shares of UIS traded up $0.07 during mid-day trading on Wednesday, hitting $7.44. The company had a trading volume of 451,063 shares, compared to its average volume of 598,756. The stock has a market cap of $516.04 million, a PE ratio of -1.31, a P/E/G ratio of 1.61 and a beta of 0.73. The business's 50-day simple moving average is $6.46 and its 200-day simple moving average is $5.29. Unisys has a 1-year low of $3.32 and a 1-year high of $8.49.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $497.00 million during the quarter, compared to analysts' expectations of $486.50 million. During the same period in the previous year, the company earned ($0.33) earnings per share. The business's quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts expect that Unisys will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Unisys

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Unisys by 4.8% during the first quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider's stock worth $32,076,000 after purchasing an additional 300,941 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Unisys by 67.2% during the 3rd quarter. GSA Capital Partners LLP now owns 365,589 shares of the information technology services provider's stock valued at $2,077,000 after buying an additional 146,899 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Unisys by 13.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider's stock valued at $5,510,000 after purchasing an additional 162,177 shares in the last quarter. Bank of Montreal Can raised its holdings in Unisys by 738.6% during the second quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider's stock valued at $1,187,000 after buying an additional 253,108 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Unisys by 6.1% during the first quarter. Public Employees Retirement System of Ohio now owns 67,333 shares of the information technology services provider's stock worth $331,000 after purchasing an additional 3,886 shares during the period. 86.87% of the stock is 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.