Unisys (NYSE:UIS) CAO Sells $26,804.62 in Stock

Unisys Corporation (NYSE:UIS) CAO David Brown sold 10,553 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $2.54, for a total value of $26,804.62. Following the sale, the chief accounting officer directly owned 103,558 shares of the company’s stock, valued at $263,037.32. This represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Unisys Price Performance

Shares of UIS stock traded up $0.02 during trading hours on Friday, reaching $2.61. The company had a trading volume of 1,014,887 shares, compared to its average volume of 853,883. Unisys Corporation has a 12 month low of $1.97 and a 12 month high of $4.98. The business has a fifty day simple moving average of $3.20 and a 200-day simple moving average of $2.95. The company has a market cap of $190.32 million, a price-to-earnings ratio of -0.44, a price-to-earnings-growth ratio of 0.30 and a beta of 1.88.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Wednesday, July 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $473.50 million for the quarter, compared to the consensus estimate of $448.92 million. Unisys had a negative return on equity of 14.09% and a negative net margin of 21.65%. On average, equities research analysts expect that Unisys Corporation will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. IES Holdings Inc. purchased a new stake in shares of Unisys during the 4th quarter valued at $3,235,000. Millennium Management LLC boosted its holdings in shares of Unisys by 170.6% in the 3rd quarter. Millennium Management LLC now owns 1,726,339 shares of the information technology services provider’s stock worth $6,733,000 after buying an additional 1,088,380 shares during the last quarter. Saba Capital Management L.P. grew its position in Unisys by 65.8% during the fourth quarter. Saba Capital Management L.P. now owns 1,551,487 shares of the information technology services provider’s stock valued at $4,282,000 after buying an additional 615,632 shares during the period. Charles Schwab Investment Management Inc. increased its holdings 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 during the last quarter. Finally, Federated Hermes Inc. increased its holdings in Unisys by 29.1% during the fourth quarter. Federated Hermes Inc. now owns 1,494,555 shares of the information technology services provider’s stock worth $4,125,000 after buying an additional 336,711 shares during the last quarter. Institutional investors own 86.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on UIS shares. Wall Street Zen lowered shares of Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research lowered shares of Unisys from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Needham & Company LLC reduced their price objective on shares of Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.50.

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.