Unisys (NYSE:UIS) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Unisys Corporation (NYSE:UIS)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.62 and traded as high as $3.22. Unisys shares last traded at $3.18, with a volume of 845,900 shares changing hands.

Analyst Ratings Changes

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

Unisys Price Performance

The stock has a fifty day moving average price of $2.53 and a 200-day moving average price of $2.62. The company has a market cap of $231.82 million, a PE ratio of -0.65, a price-to-earnings-growth ratio of 0.28 and a beta of 1.60.

Unisys (NYSE:UIS) last released its earnings results 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. The company had revenue of $437.60 million during the quarter, compared to analyst estimates of $415.64 million. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%. On average, equities analysts anticipate that Unisys Corporation will post 0.7 earnings per share for the current year.

Insider Activity

In other news, Director Philippe Germond sold 16,080 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $3.02, for a total value of $48,561.60. Following the completion of the sale, the director owned 256,453 shares in the company, valued at $774,488.06. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.56% of the stock is owned by insiders.

Institutional Trading of Unisys

A number of hedge funds have recently modified their holdings of UIS. Cetera Investment Advisers purchased a new stake in shares of Unisys in the first quarter valued at $26,000. Abel Hall LLC purchased a new stake in shares of Unisys in the first quarter valued at $27,000. Quarry LP lifted its holdings in shares of Unisys by 445.7% in the fourth quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 8,335 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Unisys by 487.1% in the first quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 11,642 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Unisys in the third quarter valued at $30,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.

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.