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

Unisys Corporation (NYSE:UIS) shares 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 traded.

Analyst Ratings Changes

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

Unisys Stock Down 0.4%

The firm has a market cap of $272.28 million, a PE ratio of -0.77, a P/E/G ratio of 0.33 and a beta of 1.87. The firm’s fifty day simple moving average is $3.43 and its two-hundred day simple moving average is $2.84.

Unisys (NYSE:UIS) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.12. The firm 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 anticipate that Unisys Corporation will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Unisys

In other news, Director Philippe Germond sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $4.15, for a total value of $83,000.00. Following the completion of the transaction, the director owned 236,453 shares of the company’s stock, valued at $981,279.95. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 43,846 shares of company stock valued at $156,102 in the last quarter. 11.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UIS. JPMorgan Chase & Co. grew its holdings 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 buying an additional 272,627 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position 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 acquiring an additional 229,233 shares during the last quarter. Cerity Partners LLC grew its stake in Unisys by 12.4% during the second quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider’s stock valued at $112,000 after acquiring an additional 2,728 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Unisys during the second quarter valued at $128,000. Finally, Qube Research & Technologies Ltd increased its holdings in Unisys by 13.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 533,004 shares of the information technology services provider’s stock valued at $2,415,000 after acquiring an additional 64,002 shares during the last quarter. 86.87% of the stock is owned by hedge funds and other institutional investors.

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.