Unisys Corp. (NYSE:UIS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation. Unisys Corp.’s rating score has improved by 40.1% in the last three months as a result of a number of analysts’ ratings changes.
Brokerages have set a 1 year consensus target price of $15.00 for the company and are predicting that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also assigned Unisys Corp. an industry rank of 102 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Unisys Corp. from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday, October 18th.
Institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. boosted its position in Unisys Corp. by 29.7% in the third quarter. D.A. Davidson & CO. now owns 15,869 shares of the company’s stock worth $153,000 after buying an additional 3,637 shares during the last quarter. Credit Suisse AG boosted its position in Unisys Corp. by 12.8% in the third quarter. Credit Suisse AG now owns 573,458 shares of the company’s stock worth $5,586,000 after buying an additional 65,017 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Unisys Corp. by 7.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 811,492 shares of the company’s stock worth $7,904,000 after buying an additional 53,900 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Unisys Corp. by 22.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 599,863 shares of the company’s stock worth $5,843,000 after buying an additional 111,192 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Unisys Corp. during the third quarter worth about $342,000.
Unisys Corp. (NYSE:UIS) traded up 3.596% during trading on Friday, hitting $15.125. 346,061 shares of the stock were exchanged. The stock’s market cap is $757.51 million. Unisys Corp. has a 52 week low of $6.72 and a 52 week high of $15.15. The stock has a 50 day moving average of $11.04 and a 200-day moving average of $9.32.
Unisys Corp. (NYSE:UIS) last posted its quarterly earnings results on Tuesday, October 25th. The company reported ($0.56) earnings per share for the quarter, topping the consensus estimate of ($0.87) by $0.31. The business earned $683.30 million during the quarter, compared to the consensus estimate of $673.60 million. Unisys Corp. had a negative net margin of 1.57% and a negative return on equity of 12.78%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. Equities analysts expect that Unisys Corp. will post ($0.79) EPS for the current fiscal year.
Unisys Corp. Company Profile
Unisys Corporation is an information technology (IT) company. The Company operates through two segments. Its Services segment includes cloud and infrastructure services, application services and business process outsourcing services. In cloud and infrastructure services, it helps clients apply cloud and as-a-service delivery models to manage and secure their IT infrastructure and operations.