Unisys Corp. (NYSE:UIS) dropped 4.7% during mid-day trading on Tuesday . The stock traded as low as $7.37 and last traded at $7.37, with a volume of 425,078 shares traded. The stock had previously closed at $7.73.

UIS has been the topic of several research reports. SunTrust Banks Inc. initiated coverage on Unisys Corp. in a report on Tuesday, June 21st. They issued a “buy” rating and a $11.00 target price on the stock. Sidoti initiated coverage on Unisys Corp. in a report on Tuesday, March 29th. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Zacks Investment Research cut Unisys Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 26th.

The company’s market cap is $367.92 million. The firm has a 50 day moving average of $7.71 and a 200 day moving average of $8.47.

Unisys Corp. (NYSE:UIS) last announced its quarterly earnings results on Thursday, April 21st. The company reported ($0.80) earnings per share for the quarter, missing the consensus estimate of ($0.78) by $0.02. The business earned $666.80 million during the quarter, compared to the consensus estimate of $655.37 million. During the same quarter in the prior year, the company earned ($0.32) earnings per share. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. Equities analysts predict that Unisys Corp. will post ($0.74) EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Royce & Associates LLC raised its stake in Unisys Corp. by 30.7% in the fourth quarter. Royce & Associates LLC now owns 1,901,320 shares of the company’s stock valued at $21,010,000 after buying an additional 447,146 shares during the last quarter. Glacier Peak Capital LLC raised its stake in Unisys Corp. by 25.2% in the fourth quarter. Glacier Peak Capital LLC now owns 735,040 shares of the company’s stock valued at $8,122,000 after buying an additional 148,126 shares during the last quarter. California Public Employees Retirement System raised its stake in Unisys Corp. by 8.8% in the fourth quarter. California Public Employees Retirement System now owns 246,700 shares of the company’s stock valued at $2,726,000 after buying an additional 20,000 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Unisys Corp. by 291.6% in the fourth quarter. New York State Common Retirement Fund now owns 185,639 shares of the company’s stock valued at $2,051,000 after buying an additional 138,239 shares during the last quarter.

Unisys Corporation is an information technology (IT) company. The Company operates through two segments. Its Services segment includes cloud and infrastructure services, application services and business process outsourcing services. In cloud and infrastructure services, it helps clients apply cloud and as-a-service delivery models to manage and secure their IT infrastructure and operations.

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