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

Unisys Corporation (NYSE:UIS) CAO David Lawrence Brown sold 7,766 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $3.16, for a total transaction of $24,540.56. Following the completion of the transaction, the chief accounting officer owned 114,111 shares of the company’s stock, valued at $360,590.76. This trade represents a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Unisys Stock Performance

Shares of NYSE:UIS opened at $3.24 on Wednesday. The stock has a market capitalization of $235.83 million, a price-to-earnings ratio of -0.67, a PEG ratio of 0.30 and a beta of 1.60. Unisys Corporation has a 1-year low of $1.97 and a 1-year high of $6.06. The company has a 50 day moving average price of $2.40 and a 200 day moving average price of $2.66.

Unisys (NYSE:UIS) last issued its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.12. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. The firm had revenue of $437.60 million during the quarter, compared to analysts’ expectations of $415.64 million. On average, sell-side analysts expect that Unisys Corporation will post 0.7 EPS for the current fiscal year.

Institutional Trading of Unisys

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Abel Hall LLC acquired a new stake in shares of Unisys during the 1st quarter valued at about $27,000. Quarry LP boosted its position in shares of Unisys by 445.7% during the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 8,335 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Unisys during the 3rd quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Unisys by 100,000.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 10,000 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new stake in shares of Unisys during the 3rd quarter valued at about $39,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on UIS shares. Wall Street Zen downgraded shares of Unisys from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Unisys in a report on Monday, April 20th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Unisys presently has a consensus rating of “Hold” and an average price target of $5.67.

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.