Unisys (NYSE:UIS) Cut to Strong Sell at ValuEngine

ValuEngine lowered shares of Unisys (NYSE:UIS) from a sell rating to a strong sell rating in a research report released on Thursday morning, ValuEngine reports.

UIS has been the subject of several other research reports. SunTrust Banks decreased their target price on shares of Unisys to $17.00 and set a buy rating for the company in a research report on Thursday, April 11th. Sidoti started coverage on shares of Unisys in a research report on Thursday, May 23rd. They issued a buy rating for the company. Finally, Zacks Investment Research cut shares of Unisys from a strong-buy rating to a hold rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $14.67.

Shares of NYSE:UIS opened at $9.22 on Thursday. Unisys has a fifty-two week low of $9.15 and a fifty-two week high of $20.95. The stock has a market cap of $485.58 million, a P/E ratio of 4.73 and a beta of 1.45.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Thursday, May 2nd. The information technology services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.13). Unisys had a net margin of 0.55% and a negative return on equity of 10.47%. The business had revenue of $695.80 million for the quarter, compared to the consensus estimate of $646.30 million. During the same period in the prior year, the company earned $0.19 EPS. Unisys’s quarterly revenue was down 1.8% on a year-over-year basis. On average, research analysts expect that Unisys will post 1.95 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Unisys by 2.0% in the 4th quarter. BlackRock Inc. now owns 7,512,381 shares of the information technology services provider’s stock worth $87,371,000 after purchasing an additional 146,141 shares during the last quarter. Towle & Co. grew its position in Unisys by 1.3% in the 4th quarter. Towle & Co. now owns 2,389,268 shares of the information technology services provider’s stock worth $27,787,000 after purchasing an additional 29,810 shares during the last quarter. Portolan Capital Management LLC grew its position in Unisys by 5.3% in the 4th quarter. Portolan Capital Management LLC now owns 2,128,330 shares of the information technology services provider’s stock worth $24,752,000 after purchasing an additional 107,059 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Unisys by 19.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,597,555 shares of the information technology services provider’s stock worth $18,643,000 after purchasing an additional 261,584 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Unisys by 97.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,331,356 shares of the information technology services provider’s stock worth $15,537,000 after purchasing an additional 656,971 shares during the last quarter.

Unisys Company Profile

Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.

Featured Story: Options Trading – What is a Straddle?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Unisys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unisys and related companies with MarketBeat.com's FREE daily email newsletter.