Wall Street Zen Downgrades Unisys (NYSE:UIS) to Hold

Wall Street Zen downgraded shares of Unisys (NYSE:UIS) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Unisys Price Performance

UIS opened at $4.13 on Friday. The firm has a fifty day moving average price of $4.58 and a 200 day moving average price of $5.26. Unisys has a 1 year low of $3.32 and a 1 year high of $8.93. The stock has a market cap of $293.16 million, a P/E ratio of -3.86, a P/E/G ratio of 0.48 and a beta of 1.35.

Unisys (NYSE:UIS) last posted its earnings results on Wednesday, April 30th. The information technology services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.19. The firm had revenue of $432.10 million during the quarter, compared to analysts’ expectations of $441.20 million. Unisys had a negative net margin of 3.76% and a negative return on equity of 11.93%. Equities analysts expect that Unisys will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Unisys

Several institutional investors and hedge funds have recently added to or reduced their stakes in UIS. Virtus Fund Advisers LLC purchased a new stake in Unisys in the 4th quarter worth $35,000. AlphaQuest LLC purchased a new stake in Unisys in the 4th quarter worth $39,000. Pallas Capital Advisors LLC purchased a new stake in Unisys in the 1st quarter worth $49,000. Quarry LP increased its holdings in Unisys by 985.8% in the 4th quarter. Quarry LP now owns 8,556 shares of the information technology services provider’s stock worth $54,000 after acquiring an additional 7,768 shares in the last quarter. Finally, Grant GrossMendelsohn LLC purchased a new stake in shares of Unisys during the first quarter worth $60,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.

About Unisys

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.