Unisys (NYSE:UIS) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Unisys Corporation (NYSE:UIS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.83 and traded as high as $3.76. Unisys shares last traded at $3.6750, with a volume of 821,629 shares changing hands.

Analyst Upgrades and Downgrades

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

Unisys Trading Up 0.4%

The business has a fifty day moving average of $3.41 and a 200 day moving average of $2.83. The company has a market capitalization of $267.91 million, a PE ratio of -0.76, a PEG ratio of 0.33 and a beta of 1.87.

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

Insiders Place Their Bets

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

Institutional Trading of Unisys

A number of large investors have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new stake in shares of Unisys in the first quarter valued at $26,000. Abel Hall LLC acquired a new position in Unisys during the 1st quarter worth $27,000. Quarry LP grew its stake in Unisys by 445.7% during the 4th quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 8,335 shares in the last quarter. Royal Bank of Canada increased 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 worth $29,000 after purchasing an additional 11,642 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in Unisys during the 3rd quarter worth about $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.