Unisys (NYSE:UIS) Coverage Initiated at Sidoti

Sidoti started coverage on shares of Unisys (NYSE:UIS) in a research report released on Tuesday, April 17th. The brokerage issued a buy rating on the information technology services provider’s stock.

Several other brokerages have also recently issued reports on UIS. Zacks Investment Research cut shares of Unisys from a strong-buy rating to a hold rating in a research note on Friday, April 13th. ValuEngine cut shares of Unisys from a buy rating to a hold rating in a research note on Monday, April 2nd. Susquehanna Bancshares reaffirmed a neutral rating on shares of Unisys in a research note on Monday, February 12th. Finally, UBS cut shares of Unisys from a positive rating to a neutral rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $12.00.

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Shares of Unisys stock traded up $0.17 during trading hours on Tuesday, hitting $11.17. The company’s stock had a trading volume of 640,576 shares, compared to its average volume of 543,760. The firm has a market capitalization of $562.78, a P/E ratio of 4.61 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.43 and a debt-to-equity ratio of -0.48. Unisys has a 1-year low of $6.90 and a 1-year high of $13.90.

Unisys (NYSE:UIS) last released its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $1.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $1.02. The business had revenue of $746.60 million for the quarter, compared to analysts’ expectations of $704.07 million. Unisys had a negative net margin of 2.35% and a negative return on equity of 10.97%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. research analysts expect that Unisys will post 1.65 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System raised its position in Unisys by 3.6% during the third quarter. California Public Employees Retirement System now owns 460,597 shares of the information technology services provider’s stock valued at $3,915,000 after acquiring an additional 15,797 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Unisys by 53.2% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 47,500 shares of the information technology services provider’s stock valued at $387,000 after acquiring an additional 16,500 shares in the last quarter. Bank of New York Mellon Corp raised its position in Unisys by 6.1% during the third quarter. Bank of New York Mellon Corp now owns 289,713 shares of the information technology services provider’s stock valued at $2,462,000 after acquiring an additional 16,687 shares in the last quarter. Two Sigma Advisers LP raised its position in Unisys by 16.9% during the fourth quarter. Two Sigma Advisers LP now owns 118,449 shares of the information technology services provider’s stock valued at $965,000 after acquiring an additional 17,100 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Unisys during the fourth quarter valued at approximately $140,000.

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About Unisys

Unisys Corporation provides information technology services worldwide. It operates in two segments, Services and Technology. The Services segment provides cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, hardware, and other related products.

Analyst Recommendations for Unisys (NYSE:UIS)

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