Unisys Corporation (NYSE:UIS) Receives $6.33 Consensus PT from Brokerages

Unisys Corporation (NYSE:UIS) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $6.3333.

Several equities analysts have weighed in on UIS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a report on Monday, April 20th. Zacks Research upgraded Unisys from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Needham & Company LLC increased their target price on Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen downgraded Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th.

Insider Activity

In other Unisys news, Director Philippe Germond sold 20,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $4.15, for a total transaction of $83,000.00. Following the sale, the director owned 236,453 shares in the company, valued at $981,279.95. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 43,846 shares of company stock worth $156,102 in the last quarter. Corporate insiders own 11.56% of the company’s stock.

Institutional Investors Weigh In On Unisys

Institutional investors have recently made changes to their positions in the stock. Aquatic Capital Management LLC purchased a new stake in shares of Unisys during the third quarter worth $30,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Unisys by 100,000.0% in the third 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 in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Unisys in the third quarter worth $39,000. Quarry LP raised its position in shares of Unisys by 445.7% in the fourth quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock worth $28,000 after buying an additional 8,335 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Unisys in the first quarter worth $26,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Trading Up 1.1%

Shares of NYSE UIS opened at $3.84 on Wednesday. The stock has a fifty day simple moving average of $3.04 and a two-hundred day simple moving average of $2.75. Unisys has a 1-year low of $1.97 and a 1-year high of $4.98. The firm has a market cap of $280.01 million, a price-to-earnings ratio of -0.79, a price-to-earnings-growth ratio of 0.34 and a beta of 1.84.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.12. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%.The business had revenue of $437.60 million during the quarter, compared to analyst estimates of $415.64 million. Analysts forecast that Unisys will post 0.74 EPS for the current 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.