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

Unisys Corporation (NYSE:UIS) CAO David Brown sold 10,553 shares of Unisys stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $2.54, for a total value of $26,804.62. Following the completion of the transaction, the chief accounting officer directly owned 103,558 shares in the company, valued at $263,037.32. This trade represents a 9.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Unisys Stock Performance

Shares of Unisys stock opened at $2.61 on Friday. The stock has a market capitalization of $190.32 million, a price-to-earnings ratio of -0.44, a P/E/G ratio of 0.30 and a beta of 1.88. The company’s 50 day moving average price is $3.18 and its 200-day moving average price is $2.95. Unisys Corporation has a 52-week low of $1.97 and a 52-week high of $4.98.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Cetera Investment Advisers purchased a new position in shares of Unisys in the first quarter valued at about $26,000. Abel Hall LLC bought a new position in Unisys in the 1st quarter worth approximately $27,000. Quarry LP grew its holdings in 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 buying an additional 8,335 shares in the last quarter. Royal Bank of Canada grew its holdings in Unisys by 487.1% during the 1st quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 11,642 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of Unisys during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Analyst Ratings Changes

UIS has been the subject of a number of research reports. Wall Street Zen lowered shares of 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 report on Monday, July 27th. Needham & Company LLC reduced their price objective on Unisys from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.50.

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.