Unisys (NYSE:UIS) Upgraded at StockNews.com

StockNews.com upgraded shares of Unisys (NYSE:UIS) from a hold rating to a buy rating in a report released on Monday morning.

Unisys Stock Up 1.2 %

NYSE:UIS opened at $7.09 on Monday. The stock has a market capitalization of $491.42 million, a price-to-earnings ratio of -1.25, a PEG ratio of 1.51 and a beta of 0.75. Unisys has a 52 week low of $3.32 and a 52 week high of $8.93. The firm has a 50 day moving average of $7.14 and a 200 day moving average of $5.60.

Unisys (NYSE:UIS) last issued its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.21). Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The business had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $486.50 million. During the same quarter in the prior year, the company posted ($0.33) EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts expect that Unisys will post 0.31 EPS for the current year.

Institutional Trading of Unisys

Institutional investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Unisys in the second quarter worth $117,000. Bank of New York Mellon Corp raised its stake in Unisys by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 386,918 shares of the information technology services provider’s stock worth $1,598,000 after acquiring an additional 17,705 shares during the last quarter. Oak Thistle LLC purchased a new stake in Unisys during the 2nd quarter valued at about $52,000. Federated Hermes Inc. increased its holdings in shares of Unisys by 13.8% in the second quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock valued at $5,510,000 after purchasing an additional 162,177 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Unisys in the second quarter worth about $89,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Unisys Company Profile

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.