Unisys (UIS) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of Unisys (NYSE:UIS) from a hold rating to a sell rating in a research report report published on Saturday morning, ValuEngine reports.

A number of other research analysts have also weighed in on the company. SunTrust Banks dropped their price objective on Unisys to $17.00 and set a buy rating on the stock in a report on Thursday, April 11th. Zacks Investment Research raised Unisys from a sell rating to a buy rating and set a $14.00 price objective on the stock in a report on Friday, January 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $14.67.

NYSE:UIS opened at $11.16 on Friday. The company has a market capitalization of $590.09 million, a PE ratio of 5.72 and a beta of 1.45. Unisys has a 12-month low of $10.46 and a 12-month high of $20.95.

Unisys (NYSE:UIS) last released its earnings results on Tuesday, February 12th. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $752.00 million. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts forecast that Unisys will post 1.88 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. 6 Meridian acquired a new position in Unisys during the first quarter worth $183,000. Geode Capital Management LLC grew its holdings in Unisys by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 517,493 shares of the information technology services provider’s stock worth $6,018,000 after acquiring an additional 25,027 shares during the period. Dimensional Fund Advisors LP grew its holdings in Unisys by 17.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,335,971 shares of the information technology services provider’s stock worth $15,537,000 after acquiring an additional 202,443 shares during the period. Mutual Advisors LLC grew its holdings in Unisys by 3.1% during 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 during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Unisys by 2.2% during 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 during the period.

About Unisys

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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