Unisys (UIS) Hits New 52-Week High at $20.95
Unisys Co. (NYSE:UIS) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $20.95 and last traded at $20.60, with a volume of 40623 shares trading hands. The stock had previously closed at $20.15.
UIS has been the subject of a number of research reports. Loop Capital boosted their price target on Unisys to $13.00 and gave the company a “hold” rating in a report on Monday, June 25th. SunTrust Banks reiterated a “buy” rating and issued a $16.00 price target on shares of Unisys in a report on Wednesday, August 1st. ValuEngine upgraded Unisys from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Finally, Zacks Investment Research upgraded Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a report on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $15.33.
The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of -0.51. The firm has a market cap of $1.05 billion, a PE ratio of 8.31 and a beta of 1.47.
Several hedge funds and other institutional investors have recently made changes to their positions in UIS. WealthTrust Axiom LLC lifted its holdings in Unisys by 8.8% during the second quarter. WealthTrust Axiom LLC now owns 60,580 shares of the information technology services provider’s stock worth $781,000 after buying an additional 4,900 shares during the period. Meeder Asset Management Inc. lifted its holdings in Unisys by 305.4% during the second quarter. Meeder Asset Management Inc. now owns 11,056 shares of the information technology services provider’s stock worth $143,000 after buying an additional 8,329 shares during the period. Northern Trust Corp lifted its holdings in Unisys by 1.4% during the second quarter. Northern Trust Corp now owns 611,685 shares of the information technology services provider’s stock worth $7,892,000 after buying an additional 8,507 shares during the period. First Trust Advisors LP lifted its holdings in Unisys by 19.3% during the second quarter. First Trust Advisors LP now owns 57,756 shares of the information technology services provider’s stock worth $745,000 after buying an additional 9,348 shares during the period. Finally, CAPROCK Group Inc. purchased a new stake in Unisys during the second quarter worth $131,000.
About Unisys (NYSE:UIS)
Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.
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