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

Unisys Corporation (NYSE:UIS) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.89 and traded as high as $4.16. Unisys shares last traded at $4.1460, with a volume of 1,096,671 shares trading hands.

Wall Street Analyst Weigh In

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

Unisys Trading Up 2.1%

The stock has a market capitalization of $302.26 million, a P/E ratio of -0.85, a PEG ratio of 0.37 and a beta of 1.87. The company has a fifty day simple moving average of $3.60 and a two-hundred day simple moving average of $2.89.

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 for the quarter, compared to the consensus estimate of $415.64 million. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. As a group, analysts forecast that Unisys Corporation will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Unisys

In related news, Director Philippe Germond sold 20,000 shares of the 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 transaction, the director directly owned 236,453 shares in the company, valued at $981,279.95. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 43,846 shares of company stock worth $156,102 over the last ninety days. Insiders own 11.56% of the company’s stock.

Institutional Trading of Unisys

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of Unisys by 18.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock valued at $7,768,000 after purchasing an additional 272,627 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Unisys by 106.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 444,084 shares of the information technology services provider’s stock worth $2,012,000 after purchasing an additional 229,233 shares during the period. Cerity Partners LLC grew its stake in shares of Unisys by 12.4% during the second quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 2,728 shares during the period. WINTON GROUP Ltd bought a new stake in Unisys in the second quarter valued at about $128,000. Finally, Qube Research & Technologies Ltd increased its holdings in Unisys by 13.6% in the second quarter. Qube Research & Technologies Ltd now owns 533,004 shares of the information technology services provider’s stock valued at $2,415,000 after purchasing an additional 64,002 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

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.