Key Points
- Unisys CAO David Lawrence Brown sold 10,553 shares at an average price of $2.54, totaling $26,804.62. His remaining stake fell 9.25% to 103,558 shares.
- Unisys reported quarterly EPS of negative $0.08, missing analysts’ estimate of negative $0.04, although revenue of $473.5 million exceeded expectations.
- Analyst sentiment is mixed, with the stock carrying an average “Hold” rating and a consensus price target of $4.50; shares recently traded at $2.61.
Unisys Corporation (NYSE:UIS - Get Free Report) CAO David Brown sold 10,553 shares of the business's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $2.54, for a total value of $26,804.62. Following the completion of the sale, the chief accounting officer owned 103,558 shares in the company, valued at $263,037.32. This represents a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Unisys Trading Up 0.8%
Shares of NYSE UIS opened at $2.61 on Friday. The firm's 50-day moving average price is $3.18 and its 200-day moving average price is $2.95. The stock has a market capitalization of $190.32 million, a price-to-earnings ratio of -0.44, a P/E/G ratio of 0.30 and a beta of 1.88. Unisys Corporation has a 12-month low of $1.97 and a 12-month high of $4.98.
Unisys (NYSE:UIS - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Unisys had a negative return on equity of 14.09% and a negative net margin of 21.65%.The company had revenue of $473.50 million during the quarter, compared to analysts' expectations of $448.92 million. On average, equities analysts predict that Unisys Corporation will post 0.57 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have commented on UIS shares. Needham & Company LLC dropped their price objective on shares of Unisys from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Unisys in a report on Friday, July 17th. Zacks Research lowered shares of Unisys from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, Wall Street Zen downgraded shares of Unisys from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $4.50.
Read Our Latest Analysis on UIS
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in UIS. Cetera Investment Advisers purchased a new position in Unisys in the 1st quarter worth about $26,000. Abel Hall LLC purchased a new stake in Unisys in the 1st quarter valued at about $27,000. Quarry LP boosted its position in Unisys by 445.7% in the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider's stock valued at $28,000 after buying an additional 8,335 shares during the period. Royal Bank of Canada grew its stake in Unisys by 487.1% in the 1st quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 11,642 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Unisys in the 3rd quarter worth about $30,000. 86.87% of the stock is currently owned by institutional investors.
About Unisys
(
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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