Unisys (NYSE:UIS) Releases Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Unisys (NYSE:UIS) released its quarterly earnings results on Tuesday. The information technology services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.60 by $0.26, FiscalAI reports. Unisys had a negative net margin of 17.42% and a negative return on equity of 27.30%. The business had revenue of $574.50 million during the quarter, compared to analyst estimates of $569.76 million.

Unisys Price Performance

NYSE UIS opened at $2.46 on Thursday. Unisys has a 12 month low of $2.11 and a 12 month high of $6.06. The firm has a market capitalization of $175.07 million, a PE ratio of -0.51, a P/E/G ratio of 0.22 and a beta of 1.44. The company’s 50 day simple moving average is $2.70 and its 200 day simple moving average is $3.20.

Hedge Funds Weigh In On Unisys

Hedge funds have recently modified their holdings of the company. Cerity Partners LLC raised its stake in shares of Unisys by 12.4% in the 2nd quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock worth $112,000 after buying an additional 2,728 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Unisys by 7.2% during the third quarter. Alliancebernstein L.P. now owns 102,554 shares of the information technology services provider’s stock worth $400,000 after acquiring an additional 6,900 shares during the period. Aquatic Capital Management LLC bought a new stake in Unisys in the third quarter worth about $30,000. Quarry LP raised its position in 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 acquiring an additional 8,335 shares in the last quarter. Finally, Oxford Asset Management LLP lifted its holdings in Unisys by 56.1% in the 2nd quarter. Oxford Asset Management LLP now owns 23,529 shares of the information technology services provider’s stock valued at $107,000 after acquiring an additional 8,458 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UIS has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research note on Wednesday, January 21st. Needham & Company LLC reduced their price objective on Unisys from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, William Blair initiated coverage on Unisys in a report on Wednesday, December 10th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Unisys currently has a consensus rating of “Hold” and an average target price of $5.67.

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.