Insider Selling: Unisys (NYSE:UIS) CAO Sells $24,540.56 in Stock

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

Unisys Price Performance

NYSE:UIS opened at $3.06 on Friday. Unisys Corporation has a 12-month low of $1.97 and a 12-month high of $5.56. The firm has a market capitalization of $222.71 million, a P/E ratio of -0.63, a P/E/G ratio of 0.30 and a beta of 1.60. The business has a 50 day simple moving average of $2.43 and a 200 day simple moving average of $2.65.

Unisys (NYSE:UISGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $437.60 million during the quarter, compared to analyst estimates of $415.64 million. Research analysts anticipate that Unisys Corporation will post 0.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC raised its stake in shares of Unisys by 12.4% in the 2nd quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock worth $112,000 after buying an additional 2,728 shares in the last quarter. Calton & Associates Inc. raised its stake in shares of Unisys by 47.5% in the 3rd quarter. Calton & Associates Inc. now owns 14,750 shares of the information technology services provider’s stock worth $58,000 after buying an additional 4,750 shares in the last quarter. Pinnacle Holdings LLC raised its stake in shares of Unisys by 4.3% in the 3rd quarter. Pinnacle Holdings LLC now owns 163,238 shares of the information technology services provider’s stock worth $637,000 after buying an additional 6,749 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Unisys by 7.2% in the 3rd quarter. Alliancebernstein L.P. now owns 102,554 shares of the information technology services provider’s stock worth $400,000 after buying an additional 6,900 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Unisys in the 3rd quarter worth $30,000. Institutional investors and hedge funds own 86.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UIS shares. Needham & Company LLC reiterated a “buy” rating and set a $4.00 price target on shares of Unisys in a research report on Wednesday, February 25th. Wall Street Zen lowered Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Unisys presently has an average rating of “Hold” and a consensus target price of $5.67.

Get Our Latest Stock Report on Unisys

About Unisys

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Unisys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unisys and related companies with MarketBeat.com's FREE daily email newsletter.