Unisys (NYSE:UIS) Stock Rating Lowered by Zacks Research

Unisys (NYSE:UIS) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday, Zacks reports.

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research report on Thursday. Needham & Company LLC cut their price target on Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Unisys presently has an average rating of “Hold” and an average target price of $5.00.

Unisys Price Performance

Unisys stock traded down $0.04 during midday trading on Thursday, hitting $2.21. The company’s stock had a trading volume of 524,214 shares, compared to its average volume of 686,492. Unisys has a 1-year low of $1.97 and a 1-year high of $4.98. The company has a 50-day moving average price of $2.50 and a two-hundred day moving average price of $2.96. The company has a market cap of $160.79 million, a price-to-earnings ratio of -0.37, a PEG ratio of 0.33 and a beta of 1.97.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Wednesday, July 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Unisys had a negative net margin of 21.65% and a negative return on equity of 14.09%. The business had revenue of $473.50 million during the quarter, compared to the consensus estimate of $448.92 million. Sell-side analysts forecast that Unisys will post 0.45 EPS for the current year.

Insider Activity at Unisys

In other news, CAO David Brown sold 10,553 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $2.54, for a total transaction of $26,804.62. Following the completion of the sale, the chief accounting officer owned 103,558 shares of the company’s stock, valued at approximately $263,037.32. This represents a 9.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.56% of the company’s stock.

Institutional Trading of Unisys

Several large investors have recently made changes to their positions in the company. Pinnacle Holdings LLC bought a new stake in Unisys during the second quarter worth $892,000. Saba Capital Management L.P. boosted its holdings in shares of Unisys by 15.5% in the 1st quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock valued at $3,709,000 after purchasing an additional 240,476 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of Unisys in the 2nd quarter valued at $114,000. Headlands Technologies LLC bought a new position in shares of Unisys in the 2nd quarter valued at $145,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Unisys in the 2nd quarter valued at $256,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

Unisys Company Profile

Unisys Corporation (NYSE: UIS) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its offerings include cloud and infrastructure services, digital workplace solutions, cybersecurity, application modernization, and business process services.

The company provides technology consulting, systems integration, managed services, and support for enterprise computing environments. Unisys also develops specialized solutions for areas such as digital identity, secure infrastructure, transportation, government services, and other industries with complex technology and security requirements.

Unisys was formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, two established computer companies.