According to Zacks, “Unisys is benefiting from new managed services contracts within the public sector. Expanding Stealth portfolio continues to drive growth. Focus on application-based managed services will enable it to more effectively pursue long-term application outsourcing, associated application modernization and implementation project work. Moreover, the company's cost-control initiatives and efforts toward sales growth in order to overcome operational weaknesses are noteworthy. Estimates have been stable ahead of the company’s first-quarter earnings release. However, Unisys' performance continues to be adversely affected by currency fluctuations and a decline in annual contract value owing to lower contracts and federal business. It also has significant obligations under its U.S. and non-U.S. defined benefit pension plans, which are likely to be a drag on its earnings in the future. Shares have underperformed the industry in the past year.”
Other analysts also recently issued reports about the company. ValuEngine raised Unisys from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. SunTrust Banks cut their target price on Unisys to $17.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Unisys currently has a consensus rating of “Hold” and a consensus target price of $14.67.
NYSE UIS traded up $0.06 during mid-day trading on Tuesday, hitting $11.22. The stock had a trading volume of 12,371 shares, compared to its average volume of 589,488. Unisys has a twelve month low of $10.46 and a twelve month high of $20.95. The company has a market cap of $590.09 million, a P/E ratio of 5.75 and a beta of 1.46.
Unisys (NYSE:UIS) last issued its earnings results on Tuesday, February 12th. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.31. Unisys had a negative return on equity of 10.65% and a net margin of 2.67%. The business had revenue of $760.90 million during the quarter, compared to the consensus estimate of $752.00 million. During the same period last year, the company earned $1.75 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts predict that Unisys will post 1.97 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new stake in shares of Unisys in the 4th quarter worth $25,000. NumerixS Investment Technologies Inc purchased a new position in shares of Unisys during the 4th quarter worth $49,000. Riverhead Capital Management LLC purchased a new position in shares of Unisys during the 3rd quarter worth $110,000. Pearl River Capital LLC purchased a new position in shares of Unisys during the 4th quarter worth $73,000. Finally, BlueMountain Capital Management LLC purchased a new position in shares of Unisys during the 3rd quarter worth $155,000.
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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