Unisys (NYSE:UIS) Upgraded to Buy at StockNews.com

Unisys (NYSE:UIS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Unisys Stock Performance

Unisys stock traded up $0.25 during midday trading on Monday, hitting $7.29. 1,018,137 shares of the company’s stock were exchanged, compared to its average volume of 603,690. Unisys has a 12-month low of $3.32 and a 12-month high of $8.93. The stock has a market cap of $505.63 million, a price-to-earnings ratio of -1.29, a price-to-earnings-growth ratio of 1.51 and a beta of 0.75. The firm’s 50 day simple moving average is $7.08 and its 200 day simple moving average is $5.58.

Unisys (NYSE:UIS) last issued 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). The firm had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $486.50 million. Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.33) EPS. On average, equities research analysts forecast that Unisys will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Unisys

Several hedge funds and other institutional investors have recently modified their holdings of UIS. Hennion & Walsh Asset Management Inc. acquired a new stake in Unisys during the 2nd quarter worth about $117,000. Bank of New York Mellon Corp raised its holdings in Unisys by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 386,918 shares of the information technology services provider’s stock worth $1,598,000 after buying an additional 17,705 shares during the period. Oak Thistle LLC acquired a new stake in Unisys during the 2nd quarter worth about $52,000. Federated Hermes Inc. raised its holdings in 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 worth $5,510,000 after buying an additional 162,177 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Unisys during the 2nd quarter worth about $89,000. Institutional investors and hedge funds 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.