Unisys Co. (NYSE:UIS) has been given an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Unisys’ rating score has declined by 100% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus target price of $12.00 for the company and are anticipating that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given Unisys an industry rank of 187 out of 265 based on the ratings given to its competitors.
Several research analysts recently commented on UIS shares. Zacks Investment Research downgraded shares of Unisys from a “hold” rating to a “strong sell” rating in a research note on Friday, December 15th. ValuEngine raised shares of Unisys from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Loop Capital reduced their price objective on shares of Unisys from $12.00 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, October 31st.
Shares of Unisys (UIS) traded down $0.10 during midday trading on Friday, hitting $8.90. 184,412 shares of the company traded hands, compared to its average volume of 280,118. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of -0.38. Unisys has a 12 month low of $6.90 and a 12 month high of $15.15. The stock has a market capitalization of $449.21, a P/E ratio of -3.84 and a beta of 1.86.
Unisys (NYSE:UIS) last issued its earnings results on Monday, October 30th. The information technology services provider reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.58) by $0.87. Unisys had a negative net margin of 4.30% and a negative return on equity of 5.32%. The company had revenue of $666.30 million for the quarter, compared to the consensus estimate of $637.10 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. equities analysts predict that Unisys will post 1.32 EPS for the current year.
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Unisys by 18.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,715,192 shares of the information technology services provider’s stock valued at $85,954,000 after purchasing an additional 1,058,172 shares during the period. Fairpointe Capital LLC increased its position in Unisys by 3.9% during the 2nd quarter. Fairpointe Capital LLC now owns 6,021,503 shares of the information technology services provider’s stock valued at $77,075,000 after purchasing an additional 228,358 shares during the period. Towle & Co. increased its position in Unisys by 31.0% during the 3rd quarter. Towle & Co. now owns 2,976,222 shares of the information technology services provider’s stock valued at $25,298,000 after purchasing an additional 704,306 shares during the period. Neuberger Berman Group LLC increased its position in Unisys by 50.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,496,334 shares of the information technology services provider’s stock valued at $12,719,000 after purchasing an additional 503,443 shares during the period. Finally, State Street Corp increased its position in Unisys by 5.7% during the 2nd quarter. State Street Corp now owns 1,063,863 shares of the information technology services provider’s stock valued at $13,616,000 after purchasing an additional 57,754 shares during the period.
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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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