Unisys (UIS) Downgraded to Neutral at UBS Group
UBS Group downgraded shares of Unisys (NYSE:UIS) from a positive rating to a neutral rating in a research report sent to investors on Monday morning, The Fly reports.
A number of other brokerages have also recently issued reports on UIS. ValuEngine cut Unisys from a strong-buy rating to a buy rating in a report on Friday, February 2nd. Loop Capital reduced their target price on Unisys from $12.00 to $9.00 and set a hold rating on the stock in a report on Tuesday, October 31st. Finally, Zacks Investment Research cut Unisys from a hold rating to a strong sell rating in a report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $12.00.
Unisys (NYSE UIS) opened at $10.25 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of -0.38. Unisys has a 1-year low of $6.90 and a 1-year high of $15.15. The stock has a market capitalization of $499.69, a PE ratio of -6.48 and a beta of 1.68.
Large investors have recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new position in shares of Unisys during the 2nd quarter valued at about $141,000. Teacher Retirement System of Texas bought a new position in shares of Unisys during the 4th quarter valued at about $140,000. Voya Investment Management LLC lifted its holdings in shares of Unisys by 9.8% during the 2nd quarter. Voya Investment Management LLC now owns 25,106 shares of the information technology services provider’s stock valued at $321,000 after purchasing an additional 2,238 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Unisys by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,652 shares of the information technology services provider’s stock valued at $507,000 after purchasing an additional 448 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Unisys during the 3rd quarter valued at about $338,000.
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Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.
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