Unisys (NYSE:UIS - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.
Unisys Trading Down 3.0 %
Shares of Unisys stock traded down $0.20 on Friday, reaching $6.42. 287,019 shares of the company were exchanged, compared to its average volume of 602,506. Unisys has a fifty-two week low of $3.32 and a fifty-two week high of $8.93. The firm has a market capitalization of $445.31 million, a price-to-earnings ratio of -1.13, a price-to-earnings-growth ratio of 1.52 and a beta of 0.75. The stock has a fifty day moving average price of $7.23 and a 200-day moving average price of $5.79.
Unisys (NYSE:UIS - Get Free Report) last released its 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 return on equity of 27.42% and a negative net margin of 19.24%. The firm had revenue of $497.00 million during the quarter, compared to analysts' expectations of $486.50 million. During the same period last year, the business earned ($0.33) earnings per share. The business's revenue was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that Unisys will post 0.31 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Unisys
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new position in shares of Unisys during the 3rd quarter valued at $36,000. Point72 DIFC Ltd bought a new position in Unisys during the second quarter valued at about $30,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Unisys in the second quarter worth about $41,000. Creative Planning acquired a new stake in shares of Unisys in the third quarter worth about $58,000. Finally, Paloma Partners Management Co bought a new stake in shares of Unisys during the 3rd quarter worth about $60,000. 86.87% of the stock is owned by hedge funds and other institutional investors.
Unisys Company Profile
(
Get Free Report)
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.
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