Unisys (NYSE:UIS) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Unisys Corporation (NYSE:UIS) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.93 and traded as high as $3.69. Unisys shares last traded at $3.5050, with a volume of 545,559 shares.

Analyst Upgrades and Downgrades

UIS has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research note on Friday, July 17th. Wall Street Zen downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of Unisys from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Needham & Company LLC upped their price target on shares of Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Unisys currently has an average rating of “Moderate Buy” and an average price target of $6.33.

Unisys Stock Down 4.0%

The stock has a market capitalization of $238.03 million, a price-to-earnings ratio of -0.67, a price-to-earnings-growth ratio of 0.32 and a beta of 1.87. The firm has a 50-day moving average of $3.68 and a two-hundred day moving average of $2.93.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.12. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%.The firm had revenue of $437.60 million during the quarter, compared to analyst estimates of $415.64 million. As a group, sell-side analysts predict that Unisys Corporation will post 0.74 EPS for the current year.

Insider Activity at Unisys

In related news, Director Philippe Germond sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $4.15, for a total transaction of $83,000.00. Following the completion of the sale, the director directly owned 236,453 shares in the company, valued at approximately $981,279.95. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 43,846 shares of company stock worth $156,102 in the last ninety days. Company insiders own 11.56% of the company’s stock.

Institutional Investors Weigh In On Unisys

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake 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. Arrowstreet Capital Limited Partnership boosted its position in Unisys by 106.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 444,084 shares of the information technology services provider’s stock valued at $2,012,000 after purchasing an additional 229,233 shares during the last quarter. Cerity Partners LLC boosted its position in Unisys by 12.4% during the second quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock valued at $112,000 after purchasing an additional 2,728 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Unisys in the second quarter valued at about $128,000. Finally, Qube Research & Technologies Ltd grew its stake in Unisys by 13.6% in the second quarter. Qube Research & Technologies Ltd now owns 533,004 shares of the information technology services provider’s stock valued at $2,415,000 after purchasing an additional 64,002 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

About Unisys

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.