Unisys (NYSE:UIS) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Other research analysts have also issued reports about the company. BidaskClub raised Unisys from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Loop Capital lowered their price objective on Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, October 31st. Finally, Zacks Investment Research raised Unisys from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $12.00.

Unisys (NYSE UIS) opened at $7.85 on Tuesday. The stock has a market capitalization of $403.79, a price-to-earnings ratio of 6.56 and a beta of 1.86. 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 12-month low of $6.90 and a 12-month high of $16.70.

Unisys (NYSE:UIS) last announced its earnings results on Monday, October 30th. The information technology services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.87. The business had revenue of $666.30 million during the quarter, compared to analyst estimates of $637.10 million. Unisys had a negative return on equity of 5.32% and a negative net margin of 4.30%. Unisys’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. equities research analysts anticipate that Unisys will post 1.39 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Unisys by 18.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,715,192 shares of the information technology services provider’s stock valued at $85,954,000 after buying an additional 1,058,172 shares in the last quarter. Fairpointe Capital LLC increased its position in Unisys by 3.9% in the 2nd quarter. Fairpointe Capital LLC now owns 6,021,503 shares of the information technology services provider’s stock valued at $77,075,000 after buying an additional 228,358 shares in the last quarter. JPMorgan Chase & Co. increased its position in Unisys by 2.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,881,766 shares of the information technology services provider’s stock valued at $62,488,000 after buying an additional 128,320 shares in the last quarter. Towle & Co. increased its position in Unisys by 31.0% in the 3rd quarter. Towle & Co. now owns 2,976,222 shares of the information technology services provider’s stock valued at $25,298,000 after buying an additional 704,306 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Unisys by 35.6% in the 2nd quarter. Alliancebernstein L.P. now owns 2,400,663 shares of the information technology services provider’s stock valued at $30,728,000 after buying an additional 629,880 shares in the last quarter.

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About Unisys

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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