Unisys Co. (NYSE:UIS) – Analysts at SunTrust Banks upped their Q3 2018 EPS estimates for Unisys in a research report issued to clients and investors on Tuesday, September 11th, Zacks Investment Research reports. SunTrust Banks analyst F. Atkins now anticipates that the information technology services provider will post earnings per share of $0.46 for the quarter, up from their prior forecast of $0.44. SunTrust Banks has a “Buy” rating and a $16.00 price objective on the stock. SunTrust Banks also issued estimates for Unisys’ Q4 2019 earnings at $0.73 EPS.
Unisys (NYSE:UIS) last issued its earnings results on Tuesday, July 31st. The information technology services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.21. The company had revenue of $667.40 million during the quarter, compared to analyst estimates of $661.00 million. Unisys had a net margin of 1.95% and a negative return on equity of 13.59%.
Several other research firms also recently issued reports on UIS. ValuEngine upgraded shares of Unisys from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Zacks Investment Research upgraded shares of Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a report on Thursday, August 2nd. Finally, Loop Capital upped their target price on shares of Unisys to $13.00 and gave the company a “hold” rating in a research note on Monday, June 25th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.33.
Shares of UIS stock traded up $0.15 on Thursday, hitting $19.82. The company’s stock had a trading volume of 1,263,966 shares, compared to its average volume of 835,822. The firm has a market cap of $1.04 billion, a PE ratio of 8.19 and a beta of 1.49. Unisys has a fifty-two week low of $7.20 and a fifty-two week high of $20.95. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of -0.51.
A number of large investors have recently added to or reduced their stakes in UIS. Portolan Capital Management LLC boosted its position in Unisys by 308.2% in the second quarter. Portolan Capital Management LLC now owns 1,795,559 shares of the information technology services provider’s stock valued at $23,163,000 after buying an additional 1,355,703 shares in the last quarter. Millennium Management LLC boosted its position in Unisys by 84.5% in the second quarter. Millennium Management LLC now owns 1,533,424 shares of the information technology services provider’s stock valued at $19,781,000 after buying an additional 702,521 shares in the last quarter. Wells Fargo & Company MN boosted its position in Unisys by 74.5% in the second quarter. Wells Fargo & Company MN now owns 953,609 shares of the information technology services provider’s stock valued at $12,301,000 after buying an additional 407,165 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Unisys in the first quarter valued at about $4,064,000. Finally, Manatuck Hill Partners LLC acquired a new position in Unisys in the second quarter valued at about $3,813,000.
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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