Unisys (UIS) Stock Rating Reaffirmed by Susquehanna Bancshares

Unisys (NYSE:UIS)‘s stock had its “neutral” rating reissued by research analysts at Susquehanna Bancshares in a report issued on Monday.

A number of other equities analysts also recently commented on UIS. UBS Group downgraded Unisys from a “positive” rating to a “neutral” rating in a research note on Monday. ValuEngine downgraded Unisys from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Loop Capital decreased their price target on Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, October 31st. Finally, Zacks Investment Research downgraded Unisys from a “hold” rating to a “strong sell” rating in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Unisys presently has an average rating of “Hold” and a consensus price target of $12.00.

Unisys (UIS) opened at $10.80 on Monday. The company has a market capitalization of $499.69, a PE ratio of -7.11 and a beta of 1.68. Unisys has a 52 week low of $6.90 and a 52 week high of $15.15. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of -0.38.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $1.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $1.02. The business had revenue of $746.60 million during the quarter, compared to the consensus estimate of $704.07 million. Unisys had a negative return on equity of 10.45% and a negative net margin of 2.35%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. analysts anticipate that Unisys will post 1.58 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in Unisys by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 39,652 shares of the information technology services provider’s stock valued at $507,000 after acquiring an additional 448 shares during the period. Voya Investment Management LLC boosted its stake in Unisys by 9.8% in the second quarter. Voya Investment Management LLC now owns 25,106 shares of the information technology services provider’s stock valued at $321,000 after acquiring an additional 2,238 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Unisys by 1.7% in the second quarter. TIAA CREF Investment Management LLC now owns 291,446 shares of the information technology services provider’s stock valued at $3,731,000 after acquiring an additional 4,831 shares during the period. Swiss National Bank boosted its stake in Unisys by 8.7% in the second quarter. Swiss National Bank now owns 85,000 shares of the information technology services provider’s stock valued at $1,088,000 after acquiring an additional 6,800 shares during the period. Finally, Stifel Financial Corp acquired a new position in Unisys in the second quarter valued at approximately $141,000.

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Unisys Company Profile

Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.

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