Unisys (NYSE:UIS) Upgraded at StockNews.com

StockNews.com upgraded shares of Unisys (NYSE:UIS) from a hold rating to a buy rating in a report issued on Thursday morning.

Unisys Trading Down 2.7 %

NYSE:UIS opened at $6.72 on Thursday. The company has a market capitalization of $466.10 million, a P/E ratio of -1.19, a P/E/G ratio of 0.78 and a beta of 0.78. The business’s 50-day moving average is $6.69 and its 200 day moving average is $6.35. Unisys has a 12 month low of $3.32 and a 12 month high of $8.93.

Institutional Investors Weigh In On Unisys

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Unisys by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 7,096,464 shares of the information technology services provider’s stock worth $44,921,000 after buying an additional 157,919 shares during the period. Needham Investment Management LLC boosted its position in shares of Unisys by 7.9% during the third quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock valued at $29,820,000 after buying an additional 385,000 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Unisys by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 2,326,509 shares of the information technology services provider’s stock valued at $13,215,000 after buying an additional 38,572 shares during the last quarter. State Street Corp lifted its stake in shares of Unisys by 13.2% during the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock worth $9,162,000 after acquiring an additional 188,630 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Unisys by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,556,325 shares of the information technology services provider’s stock valued at $9,854,000 after acquiring an additional 6,672 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.