Unisys (NYSE:UIS) CAO David Lawrence Brown Sells 7,766 Shares

Unisys Corporation (NYSE:UIS) CAO David Lawrence Brown sold 7,766 shares of Unisys stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $3.16, for a total value of $24,540.56. Following the completion of the sale, the chief accounting officer owned 114,111 shares of the company’s stock, valued at $360,590.76. The trade was a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Unisys Trading Up 2.7%

NYSE:UIS traded up $0.09 during mid-day trading on Tuesday, reaching $3.24. The company’s stock had a trading volume of 1,081,296 shares, compared to its average volume of 832,083. The stock has a market cap of $235.83 million, a P/E ratio of -0.67, a PEG ratio of 0.30 and a beta of 1.60. The firm’s fifty day moving average price is $2.39 and its two-hundred day moving average price is $2.66. Unisys Corporation has a 12-month low of $1.97 and a 12-month high of $6.06.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.12. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. The firm had revenue of $437.60 million for the quarter, compared to the consensus estimate of $415.64 million. Analysts predict that Unisys Corporation will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Unisys from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a research note on Monday, April 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Unisys in a report on Wednesday, February 25th. Three investment 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 presently has an average rating of “Hold” and a consensus target price of $5.67.

Hedge Funds Weigh In On Unisys

A number of institutional investors and hedge funds have recently made changes to their positions in the business. IES Holdings Inc. purchased a new stake in Unisys during the fourth quarter valued at approximately $3,235,000. Millennium Management LLC raised its position in Unisys by 170.6% in the third quarter. Millennium Management LLC now owns 1,726,339 shares of the information technology services provider’s stock worth $6,733,000 after acquiring an additional 1,088,380 shares during the period. Saba Capital Management L.P. boosted its stake in shares of Unisys by 65.8% during the 4th 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. Charles Schwab Investment Management Inc. grew its position in shares of Unisys by 36.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider’s stock valued at $4,816,000 after acquiring an additional 468,340 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of Unisys by 29.1% during the 4th quarter. Federated Hermes Inc. now owns 1,494,555 shares of the information technology services provider’s stock valued at $4,125,000 after acquiring an additional 336,711 shares during the period. Hedge funds and other institutional investors own 86.87% of the company’s stock.

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.