Unisys Co. (NYSE:UIS) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.95 and last traded at $20.60, with a volume of 40623 shares traded. The stock had previously closed at $20.15.
UIS has been the topic of several research reports. Loop Capital lifted their target price on Unisys to $13.00 and gave the stock a “hold” rating in a report on Monday, June 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $16.00 target price on shares of Unisys in a report on Wednesday, August 1st. Zacks Investment Research raised Unisys from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a report on Thursday, August 2nd. Finally, ValuEngine raised Unisys from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $15.33.
The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of -0.51. The firm has a market capitalization of $1.05 billion, a PE ratio of 8.31 and a beta of 1.47.
Hedge funds and other institutional investors have recently modified their holdings of the business. CAPROCK Group Inc. bought a new stake in Unisys during the second quarter worth approximately $131,000. Gargoyle Investment Advisor L.L.C. bought a new position in shares of Unisys during the first quarter valued at approximately $132,000. Creative Planning bought a new position in shares of Unisys during the second quarter valued at approximately $140,000. Meeder Asset Management Inc. grew its stake in shares of Unisys by 305.4% during the second quarter. Meeder Asset Management Inc. now owns 11,056 shares of the information technology services provider’s stock valued at $143,000 after buying an additional 8,329 shares during the last quarter. Finally, Cowen Inc. bought a new position in shares of Unisys during the first quarter valued at approximately $161,000.
About Unisys (NYSE:UIS)
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.
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