Unisys (UIS) Cut to Sell at ValuEngine

ValuEngine downgraded shares of Unisys (NYSE:UIS) from a hold rating to a sell rating in a research report released on Saturday, ValuEngine reports.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Unisys from a sell rating to a buy rating and set a $14.00 price target for the company in a research note on Friday, January 11th. SunTrust Banks dropped their price target on shares of Unisys to $17.00 and set a buy rating for the company in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average price target of $14.67.

UIS stock opened at $11.22 on Friday. The firm has a market cap of $590.09 million, a PE ratio of 5.75 and a beta of 1.46. Unisys has a 52-week low of $10.46 and a 52-week high of $20.95.

Unisys (NYSE:UIS) last released its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.31. The firm had revenue of $760.90 million during the quarter, compared to the consensus estimate of $752.00 million. Unisys had a net margin of 2.67% and a negative return on equity of 10.65%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 earnings per share. On average, sell-side analysts forecast that Unisys will post 1.97 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in UIS. Oppenheimer Asset Management Inc. bought a new position in shares of Unisys during the fourth quarter valued at $25,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Unisys during the fourth quarter worth $49,000. Pearl River Capital LLC acquired a new stake in shares of Unisys during the fourth quarter worth $73,000. Riverhead Capital Management LLC acquired a new stake in shares of Unisys during the third quarter worth $110,000. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Unisys during the fourth quarter worth $123,000.

About Unisys

Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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