Unisys (UIS) Rating Lowered to Sell at ValuEngine

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Unisys (NYSE:UIS) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, ValuEngine reports.

Several other research firms also recently weighed in on UIS. Zacks Investment Research upgraded shares of Unisys from a “sell” rating to a “buy” rating and set a $14.00 target price for the company in a report on Friday, January 11th. SunTrust Banks dropped their target price on shares of Unisys to $17.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.67.

Unisys stock opened at $11.40 on Friday. Unisys has a fifty-two week low of $10.46 and a fifty-two week high of $20.95. The company has a market capitalization of $590.09 million, a P/E ratio of 5.85 and a beta of 1.45.

Unisys (NYSE:UIS) last posted its earnings results on Tuesday, February 12th. The information technology services provider reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $752.00 million. During the same quarter last year, the firm earned $1.75 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts expect that Unisys will post 1.88 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans grew 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 worth $424,000 after acquiring an additional 801 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Unisys by 1.6% in the third quarter. Teachers Advisors LLC now owns 100,506 shares of the information technology services provider’s stock worth $2,050,000 after acquiring an additional 1,574 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Unisys in the fourth quarter worth $25,000. Mutual Advisors LLC grew its stake in shares of Unisys by 3.1% in the fourth quarter. Mutual Advisors LLC now owns 79,805 shares of the information technology services provider’s stock worth $928,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Unisys by 6.0% in the fourth quarter. Hsbc Holdings PLC now owns 54,428 shares of the information technology services provider’s stock worth $633,000 after acquiring 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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