Unisys (NYSE:UIS) Upgraded at StockNews.com

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

Unisys Stock Performance

Unisys stock traded up $0.04 during trading on Tuesday, hitting $8.09. The company’s stock had a trading volume of 640,065 shares, compared to its average volume of 600,482. The stock has a market capitalization of $560.80 million, a price-to-earnings ratio of -1.43, a P/E/G ratio of 1.74 and a beta of 0.73. The stock’s fifty day moving average is $6.13 and its 200 day moving average is $5.17. Unisys has a 1-year low of $3.32 and a 1-year high of $8.49.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new stake in Unisys during the second quarter worth about $30,000. nVerses Capital LLC purchased a new stake in shares of Unisys during the 3rd quarter worth about $36,000. Cubist Systematic Strategies LLC acquired a new stake in Unisys during the 2nd quarter worth approximately $41,000. Oak Thistle LLC purchased a new position in Unisys in the second quarter valued at approximately $52,000. Finally, Creative Planning acquired a new position in Unisys during the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

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.