Unisys (NYSE:UIS) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Unisys Corporation (NYSE:UIS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.93 and traded as high as $3.69. Unisys shares last traded at $3.5050, with a volume of 545,559 shares.

Analysts Set New Price Targets

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

Unisys Trading Down 3.4%

The company’s 50-day simple moving average is $3.67 and its 200-day simple moving average is $2.93. The stock has a market capitalization of $255.51 million, a price-to-earnings ratio of -0.72, 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.12. The company had revenue of $437.60 million for the quarter, compared to analyst estimates of $415.64 million. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. On average, equities research analysts expect that Unisys Corporation will post 0.74 earnings per share for the current fiscal year.

Insider Transactions at Unisys

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

Institutional Investors Weigh In On Unisys

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised its position in shares of Unisys by 50.9% during the fourth quarter. Millennium Management LLC now owns 2,604,604 shares of the information technology services provider’s stock worth $7,189,000 after acquiring an additional 878,265 shares during the last quarter. Saba Capital Management L.P. boosted its holdings in Unisys by 15.5% in the first quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock valued at $3,709,000 after acquiring an additional 240,476 shares during the last quarter. Palisade Capital Management LP boosted its holdings in Unisys by 17.4% in the second quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider’s stock valued at $7,966,000 after acquiring an additional 260,716 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Unisys by 36.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider’s stock valued at $4,816,000 after purchasing an additional 468,340 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Unisys by 18.9% during 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. Institutional investors and hedge funds 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.