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

Unisys Corporation (NYSE:UIS) CAO David Lawrence Brown sold 7,766 shares of the company’s 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 sale, the chief accounting officer owned 114,111 shares in the company, valued at approximately $360,590.76. This trade represents a 6.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Unisys Price Performance

Shares of NYSE UIS opened at $3.11 on Thursday. The stock’s 50-day moving average is $2.42 and its two-hundred day moving average is $2.65. Unisys Corporation has a 1-year low of $1.97 and a 1-year high of $6.06. The company has a market cap of $226.35 million, a price-to-earnings ratio of -0.64, a price-to-earnings-growth ratio of 0.31 and a beta of 1.60.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $437.60 million for the quarter, compared to the consensus estimate of $415.64 million. Equities research analysts anticipate that Unisys Corporation will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $4.00 price target on shares of Unisys in a report on Wednesday, February 25th. Wall Street Zen downgraded Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UIS. JPMorgan Chase & Co. boosted its position in shares of Unisys by 18.9% during the 2nd 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Unisys by 106.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 444,084 shares of the information technology services provider’s stock worth $2,012,000 after acquiring an additional 229,233 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Unisys by 12.4% during the 2nd quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock worth $112,000 after acquiring an additional 2,728 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Unisys during the 2nd quarter worth about $128,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of Unisys by 13.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 533,004 shares of the information technology services provider’s stock worth $2,415,000 after acquiring an additional 64,002 shares in the last quarter. 86.87% of the stock is owned by institutional investors and hedge funds.

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.