Unisys (UIS) Cut to Sell at ValuEngine

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

A number of other research analysts have also weighed in on the stock. SunTrust Banks dropped their price objective on shares of Unisys to $17.00 and set a buy rating on the stock in a research note on Thursday, April 11th. Zacks Investment Research lowered shares of Unisys from a buy rating to a hold rating in a research note on Monday, February 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Unisys currently has an average rating of Hold and a consensus target price of $14.67.

Unisys stock opened at $11.22 on Friday. Unisys has a 1-year low of $10.46 and a 1-year high of $20.95. The firm has a market capitalization of $590.09 million, a price-to-earnings ratio of 5.75 and a beta of 1.46.

Unisys (NYSE:UIS) last released its quarterly earnings data on Tuesday, February 12th. The information technology services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.31. Unisys had a net margin of 2.67% and a negative return on equity of 10.65%. The firm had revenue of $760.90 million for the quarter, compared to analyst estimates of $752.00 million. During the same period last year, the firm earned $1.75 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Unisys will post 1.97 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its stake in shares of Unisys by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 36,460 shares of the information technology services provider’s stock valued at $424,000 after buying an additional 801 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Unisys by 1.6% during the third quarter. Teachers Advisors LLC now owns 100,506 shares of the information technology services provider’s stock valued at $2,050,000 after purchasing an additional 1,574 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Unisys during the fourth quarter valued at about $25,000. Mutual Advisors LLC lifted its position in shares of Unisys by 3.1% during the fourth quarter. Mutual Advisors LLC now owns 79,805 shares of the information technology services provider’s stock valued at $928,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Unisys by 6.0% during the fourth quarter. Hsbc Holdings PLC now owns 54,428 shares of the information technology services provider’s stock valued at $633,000 after purchasing an additional 3,066 shares in the last quarter.

Unisys Company Profile

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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