Brokerages Set Unisys Corporation (NYSE:UIS) PT at $5.67

Unisys Corporation (NYSE:UIS) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $5.6667.

UIS has been the topic of a number of recent analyst reports. William Blair began coverage on Unisys in a report on Wednesday, December 10th. They issued an “outperform” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a report on Wednesday, January 21st. Needham & Company LLC reissued a “buy” rating and set a $4.00 price objective on shares of Unisys in a report on Wednesday, February 25th. Finally, Wall Street Zen upgraded shares of Unisys from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th.

Hedge Funds Weigh In On Unisys

Several large investors have recently bought and sold shares of UIS. Aquatic Capital Management LLC acquired a new stake in shares of Unisys during the third quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its stake in Unisys by 100,000.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock worth $39,000 after buying an additional 10,000 shares during the last quarter. PharVision Advisers LLC acquired a new position in Unisys during the third quarter worth approximately $39,000. Quarry LP lifted its stake in Unisys by 445.7% in the fourth quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 8,335 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Unisys in the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

Unisys Trading Down 2.5%

Shares of UIS opened at $2.38 on Monday. The firm has a market capitalization of $169.72 million, a price-to-earnings ratio of -0.50, a PEG ratio of 0.27 and a beta of 1.44. The firm’s fifty day simple moving average is $2.64 and its 200-day simple moving average is $3.14. Unisys has a twelve month low of $2.11 and a twelve month high of $6.06.

Unisys (NYSE:UIS) last posted its earnings results on Tuesday, February 24th. The information technology services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.60 by $0.26. Unisys had a negative return on equity of 26.77% and a negative net margin of 17.42%.The firm had revenue of $574.50 million for the quarter, compared to analyst estimates of $569.76 million. On average, analysts predict that Unisys will post 0.61 earnings per share for the current fiscal year.

About Unisys

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.