Worth Watching: Can Unisys Corporation’s Tomorrow be Different? The Stock Just Broke Its High

Worth Watching: Can Unisys Corporation's Tomorrow be Different? The Stock Just Broke Its High

The stock of Unisys Corporation (NYSE:UIS) hit a new 52-week high and has $16.02 target or 9.00% above today’s $14.70 share price. The 6 months bullish chart indicates low risk for the $789.96 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $16.02 price target is reached, the company will be worth $71.10 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $14.7 per share. It is down 91.91% since April 21, 2016 and is uptrending. It has outperformed by 86.58% the S&P500.

Analysts await Unisys Corporation (NYSE:UIS) to report earnings on January, 26. They expect $0.55 EPS, down 65.19% or $1.03 from last year’s $1.58 per share. UIS’s profit will be $29.56 million for 6.68 P/E if the $0.55 EPS becomes a reality. After $0.41 actual EPS reported by Unisys Corporation for the previous quarter, Wall Street now forecasts 34.15% EPS growth.

Unisys Corporation (NYSE:UIS) Ratings Coverage

Out of 3 analysts covering Unisys Corporation (NYSE:UIS), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Unisys Corporation has been the topic of 3 analyst reports since December 22, 2015 according to StockzIntelligence Inc. On Wednesday, June 22 the stock rating was initiated by Suntrust Robinson with “Buy”. The stock of Unisys Corporation (NYSE:UIS) has “Buy” rating given on Tuesday, March 29 by Sidoti.

According to Zacks Investment Research, “Unisys is a worldwide technology services and solutions company. Unisys consultants apply Unisys expertise in consulting, systems integration, outsourcing, infrastructure, and server technology to help our clients achieve secure business operations. The company builds more secure organizations by creating visibility into clients’ business operations. Leveraging the Unisys 3D Visible Enterprise approach, we make visible the impact of their decisions–ahead of investments, opportunities and risks.”

Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.18, from 1.33 in 2016Q1. The ratio fall, as 21 funds sold all Unisys Corporation shares owned while 33 reduced positions. 18 funds bought stakes while 54 increased positions. They now own 50.44 million shares or 0.17% less from 50.52 million shares in 2016Q1.
Aristeia Capital Limited Liability has 235,000 shares for 0.14% of their US portfolio. Smith Asset Mgmt Grp Limited Partnership last reported 0.01% of its portfolio in the stock. Renaissance Technology Ltd Co has 1.57M shares for 0.02% of their US portfolio. Menta Cap Lc holds 0.16% of its portfolio in Unisys Corporation (NYSE:UIS) for 163,722 shares. Pinnacle Holding Ltd has invested 0% of its portfolio in Unisys Corporation (NYSE:UIS). Deutsche Financial Bank Ag accumulated 1.23M shares or 0.01% of the stock. Blackrock Japan Comm Limited owns 3,435 shares or 0% of their US portfolio. Cim Mangement Incorporated last reported 0.03% of its portfolio in the stock. Glenmede Trust Comm Na accumulated 319 shares or 0% of the stock. Princeton Cap Mgmt Inc accumulated 1.45% or 288,934 shares. Creative Planning has 1,232 shares for 0% of their US portfolio. Blackrock Institutional Trust Na owns 1.69M shares or 0% of their US portfolio. Moreover, Fmr Ltd Liability Corp has 0.01% invested in Unisys Corporation (NYSE:UIS) for 6.78M shares. Rhumbline Advisers has 60,449 shares for 0% of their US portfolio. Stevens Limited Partnership accumulated 0% or 14,140 shares.

Insider Transactions: Since August 18, 2016, the stock had 0 buys, and 1 insider sale for $398,579 net activity. On Thursday, August 18 DAVIS NATHANIEL A sold $398,579 worth of the stock or 38,200 shares.

More notable recent Unisys Corporation (NYSE:UIS) news were published by: Fool.com which released: “Why Shares of Unisys Corporation Soared” on October 26, 2016, also Fool.com with their article: “Why Unisys Corporation Stock Plunged Today” published on March 09, 2016, Prnewswire.com published: “Unisys Joins Military Spouse Employment Partnership” on October 17, 2016. More interesting news about Unisys Corporation (NYSE:UIS) were released by: Prnewswire.com and their article: “Unisys Announces Third-Quarter 2016 Financial Results, Reaffirms Full-Year …” published on October 25, 2016 as well as Prnewswire.com‘s news article titled: “Chief Financial Officer (CFO) Janet Haugen to Retire from Unisys; Company …” with publication date: August 16, 2016.

UIS Company Profile

Unisys Corporation (Unisys), incorporated on February 22, 1984, is an information technology (IT) company. The Firm operates through two divisions: Services and Technology. The Firm specializes in providing integrated solutions to clients in the government, financial services and commercial markets. The Company’s offerings include cloud and infrastructure services, application services, security solutions and server technology. The primary vertical markets Unisys serves are government (including the United States federal government and other public sector organizations across the globe), commercial and financial services. It markets its services and products through a direct sales force. In certain foreign countries, it markets through distributors.

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