David Lawrence Brown Sells 10,553 Shares of Unisys (NYSE:UIS) Stock

Unisys Corporation (NYSE:UIS) CAO David Brown sold 10,553 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $2.54, for a total value 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. This trade represents a 9.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Unisys Stock Performance

Shares of NYSE:UIS opened at $2.61 on Friday. The business’s 50-day simple moving average is $3.18 and its 200 day simple moving average is $2.95. The company has a market cap of $190.32 million, a P/E ratio of -0.44, a PEG ratio of 0.30 and a beta of 1.88. Unisys Corporation has a one year low of $1.97 and a one year high of $4.98.

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

Institutional Trading of Unisys

Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC grew its position in shares of Unisys by 50.9% in the 4th quarter. Millennium Management LLC now owns 2,604,604 shares of the information technology services provider’s stock worth $7,189,000 after acquiring an additional 878,265 shares in the last quarter. Saba Capital Management L.P. raised its holdings in shares of Unisys by 15.5% during the first quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock worth $3,709,000 after purchasing an additional 240,476 shares during the period. Palisade Capital Management LP lifted its position in shares of Unisys by 17.4% in the 2nd quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider’s stock worth $7,966,000 after buying an additional 260,716 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Unisys by 36.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider’s stock valued at $4,816,000 after buying an additional 468,340 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Unisys by 18.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock valued at $7,768,000 after buying an additional 272,627 shares during the period. Institutional investors and hedge funds own 86.87% of the company’s stock.

Analyst Ratings Changes

UIS has been the subject of a number of analyst reports. Needham & Company LLC decreased 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. Wall Street Zen lowered Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research lowered Unisys from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.50.

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.