Unisys (NYSE:UIS) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Unisys Corporation (NYSE:UIS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Zacks Research upgraded Unisys from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Needham & Company LLC boosted their target price on shares of Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Wall Street Zen cut shares of Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given 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 “Moderate Buy” and an average target price of $6.33.

Unisys Stock Performance

The firm has a fifty day simple moving average of $3.62 and a 200 day simple moving average of $2.90. The company has a market capitalization of $276.66 million, a PE ratio of -0.78, a P/E/G ratio of 0.38 and a beta of 1.87.

Unisys (NYSE:UIS) last issued its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, topping the consensus estimate 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 return on equity of 23.51% and a negative net margin of 17.70%. Research analysts expect that Unisys Corporation will post 0.74 EPS for the current fiscal year.

Insider Transactions at Unisys

In other Unisys news, Director Philippe Germond sold 20,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $4.15, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In 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 Investors Weigh In On Unisys

Several large investors have recently modified their holdings of the business. Millennium Management LLC increased its holdings in 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 valued at $7,189,000 after buying an additional 878,265 shares during the period. Saba Capital Management L.P. lifted its holdings in Unisys by 15.5% during the first quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock worth $3,709,000 after buying an additional 240,476 shares during the period. Palisade Capital Management LP lifted its holdings in Unisys by 17.4% during the second quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider’s stock worth $7,966,000 after buying an additional 260,716 shares during the period. Charles Schwab Investment Management Inc. boosted 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 acquiring an additional 468,340 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted 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 acquiring an additional 272,627 shares in the last quarter. 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.