Unisys (NYSE:UIS) Issues Quarterly Earnings Results

Unisys (NYSE:UIS) posted its quarterly earnings data on Wednesday. The information technology services provider reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.09, FiscalAI reports. The business had revenue of $471.50 million during the quarter, compared to the consensus estimate of $449.92 million. Unisys had a negative net margin of 21.65% and a negative return on equity of 14.09%.

Unisys Stock Down 0.2%

Shares of Unisys stock traded down $0.01 on Wednesday, hitting $2.35. The stock had a trading volume of 1,484,004 shares, compared to its average volume of 836,477. The stock has a market cap of $171.73 million, a price-to-earnings ratio of -0.40, a price-to-earnings-growth ratio of 0.37 and a beta of 1.98. Unisys has a twelve month low of $1.97 and a twelve month high of $4.98. The business’s 50 day moving average is $2.43 and its two-hundred day moving average is $2.80.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UIS shares. Needham & Company LLC reduced their target price on Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research report on Thursday, October 15th. Finally, Zacks Research cut shares of Unisys from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.00.

Insider Activity at Unisys

In other Unisys news, CAO David Brown sold 10,553 shares of the company’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 transaction, the chief accounting officer owned 103,558 shares of the company’s stock, valued at $263,037.32. This represents a 9.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 11.56% of the company’s stock.

About Unisys

Unisys Corporation (NYSE:UIS) is a global information technology services and solutions company that helps organizations modernize and manage their technology environments. Its offerings include cloud services, infrastructure modernization, cybersecurity, digital workplace solutions, application services and business process services.

The company serves commercial businesses, governments and other public-sector organizations across North America, Europe, the Asia-Pacific region and Latin America.