Unisys (NYSE:UIS) Shares Cross Above 200-Day Moving Average – Should You Sell?

Unisys Corporation (NYSE:UIS)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.80 and traded as high as $3.63. Unisys shares last traded at $3.60, with a volume of 662,755 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UIS shares. Zacks Research upgraded shares of Unisys from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Needham & Company LLC upped their price objective on Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th. Finally, Wall Street Zen cut Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Unisys currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.33.

Unisys Stock Up 3.4%

The company has a market cap of $262.44 million, a price-to-earnings ratio of -0.74, a PEG ratio of 0.32 and a beta of 1.84. The stock’s 50-day simple moving average is $3.26 and its 200 day simple moving average is $2.80.

Unisys (NYSE:UIS) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.12. The business had revenue of $437.60 million during the quarter, compared to analysts’ expectations of $415.64 million. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. On average, sell-side analysts expect that Unisys Corporation will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling at Unisys

In related news, Director Philippe Germond sold 20,000 shares of Unisys stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $4.15, for a total value of $83,000.00. Following the completion of the sale, the director owned 236,453 shares in the company, valued at approximately $981,279.95. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 43,846 shares of company stock worth $156,102. Company insiders own 11.56% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UIS. Aquatic Capital Management LLC purchased a new position in shares of Unisys during the third quarter worth $30,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Unisys by 100,000.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 10,000 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Unisys in the 3rd quarter valued at $39,000. Quarry LP raised its holdings in shares of Unisys by 445.7% in 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 during the period. Finally, Cetera Investment Advisers acquired a new position in Unisys during the 1st quarter worth about $26,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

About Unisys

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.