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 research report report published on Tuesday morning.

Unisys Stock Performance

UIS opened at $7.14 on Tuesday. The company has a 50-day moving average of $6.84 and a 200-day moving average of $6.25. The company has a market capitalization of $494.88 million, a P/E ratio of -1.26, a PEG ratio of 0.73 and a beta of 0.78. Unisys has a 1-year low of $3.32 and a 1-year high of $8.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Needham Investment Management LLC boosted its holdings in shares of Unisys by 7.9% in the 3rd 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. boosted its holdings in shares of Unisys by 1.7% in the 3rd 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 period. State Street Corp boosted its holdings in shares of Unisys by 13.2% in the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock valued at $9,162,000 after buying an additional 188,630 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Unisys by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock valued at $8,804,000 after buying an additional 10,277 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Unisys by 3.1% in the 4th quarter. New York State Common Retirement Fund now owns 535,564 shares of the information technology services provider’s stock valued at $3,390,000 after buying an additional 16,321 shares during the period. 86.87% of the stock is owned by institutional investors and hedge funds.

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.