Brokerages Set Unisys Corporation (NYSE:UIS) PT at $5.88

Shares of Unisys Corporation (NYSE:UIS) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.8750.

A number of brokerages have recently weighed in on UIS. Maxim Group raised shares of Unisys from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Monday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research note on Wednesday, October 8th. Needham & Company LLC decreased their target price on Unisys from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Jefferies Financial Group initiated coverage on shares of Unisys in a report on Monday, September 22nd. They issued a “hold” rating and a $4.00 price objective on the stock. Finally, Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a report on Saturday, October 25th.

Unisys Price Performance

Shares of NYSE:UIS opened at $2.68 on Friday. The business’s 50-day moving average is $3.37 and its 200 day moving average is $3.99. Unisys has a 1 year low of $2.37 and a 1 year high of $8.93. The firm has a market capitalization of $191.10 million, a P/E ratio of -2.27, a P/E/G ratio of 0.52 and a beta of 1.42.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Thursday, June 15th. The information technology services provider reported ($0.02) earnings per share for the quarter. The business had revenue of $446.70 million for the quarter. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%. On average, analysts expect that Unisys will post 0.61 EPS for the current year.

Institutional Trading of Unisys

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in Unisys by 170.6% in the third quarter. Millennium Management LLC now owns 1,726,339 shares of the information technology services provider’s stock valued at $6,733,000 after acquiring an additional 1,088,380 shares during the period. AQR Capital Management LLC increased its holdings in Unisys by 232.5% in the first quarter. AQR Capital Management LLC now owns 1,227,724 shares of the information technology services provider’s stock valued at $5,635,000 after buying an additional 858,516 shares in the last quarter. Whetstone Capital Advisors LLC acquired a new position in shares of Unisys in the first quarter worth about $2,836,000. Assenagon Asset Management S.A. boosted its stake in shares of Unisys by 415.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 712,581 shares of the information technology services provider’s stock worth $2,779,000 after acquiring an additional 574,360 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Unisys in the 3rd quarter valued at about $1,152,000. 86.87% of the stock is owned by institutional investors and hedge funds.

Unisys Company Profile

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.