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 transaction of $26,804.62. Following the completion of the sale, the chief accounting officer owned 103,558 shares of the company’s stock, valued at approximately $263,037.32. The trade was a 9.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Unisys Stock Performance

UIS stock opened at $2.61 on Monday. Unisys Corporation has a 52 week low of $1.97 and a 52 week high of $4.98. The firm’s fifty day moving average is $3.18 and its 200 day moving average is $2.95. The firm has a market cap of $190.32 million, a P/E ratio of -0.44, a P/E/G ratio of 0.30 and a beta of 1.88.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UIS. Needham & Company LLC dropped 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. Zacks Research cut Unisys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.50.

Hedge Funds Weigh In On Unisys

Hedge funds have recently modified their holdings of the company. AXQ Capital LP bought a new position in shares of Unisys during the second quarter valued at about $114,000. Headlands Technologies LLC bought a new stake in shares of Unisys in the second quarter worth about $145,000. Public Employees Retirement System of Ohio bought a new stake in shares of Unisys in the second quarter worth about $256,000. Pinnacle Holdings LLC purchased a new position in Unisys during the 2nd quarter valued at about $892,000. Finally, Bank of New York Mellon Corp purchased a new position in Unisys during the 2nd quarter valued at about $712,000. 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.