Key Points
- Unisys CAO David Lawrence Brown sold 7,766 shares on May 11 at an average price of $3.16, totaling about $24,540. After the sale, he still owned 114,111 shares, a 6.37% reduction in his stake.
- Unisys shares were trading up 2.7% at $3.24, with the stock still well below its 52-week high of $6.06 and above its 52-week low of $1.97. The company has a market cap of about $235.8 million.
- Unisys recently reported better-than-expected quarterly results, posting a smaller loss per share than analysts expected and revenue above consensus. Analysts currently have a consensus Hold rating with an average price target of $5.67.
Unisys Corporation (NYSE:UIS - Get Free Report) CAO David Lawrence Brown sold 7,766 shares of Unisys stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $3.16, for a total transaction of $24,540.56. Following the transaction, the chief accounting officer directly owned 114,111 shares of the company's stock, valued at $360,590.76. This represents a 6.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Unisys Trading Up 2.7%
Shares of NYSE UIS opened at $3.24 on Wednesday. Unisys Corporation has a 1-year low of $1.97 and a 1-year high of $6.06. The company has a market cap of $235.83 million, a PE ratio of -0.67, a P/E/G ratio of 0.30 and a beta of 1.60. The company has a 50-day moving average of $2.40 and a two-hundred day moving average of $2.66.
Unisys (NYSE:UIS - Get Free Report) last announced its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.12. The company had revenue of $437.60 million during the quarter, compared to the consensus estimate of $415.64 million. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. As a group, equities research analysts forecast that Unisys Corporation will post 0.7 earnings per share for the current year.
Analysts Set New Price Targets
UIS has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating and set a $4.00 price objective on shares of Unisys in a report on Wednesday, February 25th. Wall Street Zen cut shares of Unisys from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Unisys in a report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $5.67.
Check Out Our Latest Analysis on UIS
Hedge Funds Weigh In On Unisys
Several large investors have recently modified their holdings of UIS. Millennium Management LLC grew its stake in shares of Unisys by 50.9% in the fourth quarter. Millennium Management LLC now owns 2,604,604 shares of the information technology services provider's stock valued at $7,189,000 after acquiring an additional 878,265 shares in the last quarter. Palisade Capital Management LP grew its stake in Unisys by 17.4% during the second quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider's stock worth $7,966,000 after buying an additional 260,716 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Unisys by 36.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider's stock worth $4,816,000 after buying an additional 468,340 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Unisys by 18.9% in the second quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider's stock worth $7,768,000 after acquiring an additional 272,627 shares during the last quarter. Finally, Saba Capital Management L.P. lifted its holdings in shares of Unisys by 65.8% in the fourth quarter. Saba Capital Management L.P. now owns 1,551,487 shares of the information technology services provider's stock worth $4,282,000 after acquiring an additional 615,632 shares during the last quarter. 86.87% of the stock is owned by institutional investors.
Unisys Company Profile
(
Get Free Report)
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.
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