Unisys Corp. (NYSE:UIS) has been given an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.
Brokerages have set a one year consensus price target of $12.00 for the company and are predicting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also given Unisys Corp. an industry rank of 94 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Unisys Corp. from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, August 23rd. SunTrust Banks Inc. started coverage on Unisys Corp. in a report on Tuesday, June 21st. They issued a “buy” rating and a $11.00 target price on the stock.
In other news, Director Nathaniel A. Davis sold 38,200 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $10.43, for a total value of $398,426.00. Following the transaction, the director now directly owns 3,654 shares of the company’s stock, valued at approximately $38,111.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Stifel Financial Corp boosted its position in Unisys Corp. by 9.7% in the second quarter. Stifel Financial Corp now owns 13,789 shares of the company’s stock valued at $101,000 after buying an additional 1,214 shares during the period. Stevens Capital Management LP bought a new position in Unisys Corp. during the second quarter valued at $103,000. BNP Paribas Arbitrage SA boosted its position in Unisys Corp. by 113.8% in the second quarter. BNP Paribas Arbitrage SA now owns 14,472 shares of the company’s stock valued at $105,000 after buying an additional 7,704 shares during the period. Acrospire Investment Management LLC bought a new position in Unisys Corp. during the second quarter valued at $107,000. Finally, Jane Street Group LLC bought a new position in Unisys Corp. during the second quarter valued at $110,000.
Shares of Unisys Corp. (NYSE:UIS) opened at 9.81 on Thursday. The company’s market capitalization is $491.29 million. The stock’s 50 day moving average price is $9.72 and its 200 day moving average price is $8.56. Unisys Corp. has a 1-year low of $6.72 and a 1-year high of $14.96.
Unisys Corp. (NYSE:UIS) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.61) by $1.42. The company had revenue of $748.90 million for the quarter, compared to the consensus estimate of $683.83 million. Unisys Corp. had a negative return on equity of 12.92% and a negative net margin of 0.91%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. Analysts expect that Unisys Corp. will post ($0.56) EPS for the current year.
Unisys Corp. Company Profile
Unisys Corporation is an information technology (IT) company. The Company operates through two segments. Its Services segment includes cloud and infrastructure services, application services and business process outsourcing services. In cloud and infrastructure services, it helps clients apply cloud and as-a-service delivery models to manage and secure their IT infrastructure and operations.
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