Unisys (NYSE:UIS – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
Unisys Stock Performance
Shares of NYSE:UIS traded down $0.08 on Tuesday, hitting $5.64. The company’s stock had a trading volume of 309,856 shares, compared to its average volume of 593,723. The stock’s 50-day moving average is $4.54 and its two-hundred day moving average is $4.98. The company has a market capitalization of $390.45 million, a price-to-earnings ratio of -0.95 and a beta of 0.86. Unisys has a 12 month low of $2.60 and a 12 month high of $8.12.
Unisys (NYSE:UIS – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The information technology services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.17. The business had revenue of $478.20 million during the quarter, compared to analyst estimates of $485.93 million. Unisys had a negative return on equity of 17.04% and a negative net margin of 20.37%. During the same period in the previous year, the company earned ($0.09) EPS. The firm’s revenue was up .3% on a year-over-year basis. Equities analysts expect that Unisys will post -0.28 earnings per share for the current fiscal year.
Institutional Trading of Unisys
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Unisys by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock valued at $32,076,000 after purchasing an additional 300,941 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Unisys by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,123,029 shares of the information technology services provider’s stock valued at $11,931,000 after purchasing an additional 11,439 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Unisys by 13.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after acquiring an additional 162,177 shares in the last quarter. Newport Trust Company LLC lifted its position in shares of Unisys by 0.5% during the 2nd quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider’s stock worth $5,389,000 after buying an additional 6,894 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its position in Unisys by 5.2% in the first quarter. Kovack Advisors Inc. now owns 808,507 shares of the information technology services provider’s stock worth $3,970,000 after purchasing an additional 40,107 shares during the last quarter. 86.87% of the stock is owned by institutional investors.
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.
