Unisys (NYSE:UIS) Posts Earnings Results, Beats Estimates By $0.12 EPS
by Doug Wharley · The Cerbat GemUnisys (NYSE:UIS – Get Free Report) posted its quarterly earnings data on Tuesday. The information technology services provider reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.12, Zacks reports. Unisys had a negative return on equity of 26.77% and a negative net margin of 17.42%.
Unisys Trading Up 5.0%
Shares of NYSE UIS traded up $0.14 during trading hours on Tuesday, hitting $2.86. 1,026,413 shares of the company traded hands, compared to its average volume of 810,783. The stock has a market capitalization of $206.50 million, a price-to-earnings ratio of -0.60, a price-to-earnings-growth ratio of 0.29 and a beta of 1.60. The company’s 50 day moving average price is $2.30 and its 200 day moving average price is $2.68. Unisys has a 12 month low of $1.97 and a 12 month high of $6.06.
Hedge Funds Weigh In On Unisys
Large investors have recently modified their holdings of the stock. Quarry LP increased its position in shares of Unisys by 445.7% during the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 8,335 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Unisys in the 3rd quarter valued at $30,000. PharVision Advisers LLC bought a new position in Unisys in the 3rd quarter valued at $39,000. Northwestern Mutual Wealth Management Co. grew its position in Unisys by 100,000.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in Unisys in the 4th quarter valued at $47,000. Institutional investors own 86.87% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a report on Monday, April 20th. Wall Street Zen raised Unisys from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $4.00 target price on shares of Unisys in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.67.
Check Out Our Latest Analysis on UIS
Unisys Company Profile
Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.
The company operates two core business segments: Services and Technology.