Unisys (NYSE:UIS) Posts Earnings Results, Misses Expectations By $0.05 EPS

Unisys (NYSE:UIS) announced its earnings results on Wednesday. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05), FiscalAI reports. The company had revenue of $473.50 million for the quarter, compared to analysts’ expectations of $448.92 million. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%.

Unisys Stock Performance

Shares of NYSE:UIS traded up $0.05 during trading on Wednesday, reaching $3.48. The stock had a trading volume of 918,917 shares, compared to its average volume of 889,435. The business has a fifty day moving average price of $3.70 and a 200-day moving average price of $2.94. The stock has a market cap of $253.56 million, a PE ratio of -0.72, a PEG ratio of 0.30 and a beta of 1.87. Unisys has a 1-year low of $1.97 and a 1-year high of $4.98.

Insiders Place Their Bets

In related news, Director Philippe Germond sold 20,000 shares of the firm’s 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 completion of the sale, the director directly owned 236,453 shares in the company, valued at approximately $981,279.95. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 43,846 shares of company stock worth $156,102 over the last quarter. Insiders own 11.56% of the company’s stock.

Institutional Trading of Unisys

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP grew its holdings 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 acquiring an additional 8,335 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Unisys during the third quarter worth about $30,000. PharVision Advisers LLC acquired a new position in shares of Unisys in the third quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. raised its position in Unisys by 100,000.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,010 shares of the information technology services provider’s stock worth $39,000 after buying an additional 10,000 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in Unisys during the fourth quarter worth about $47,000. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on UIS shares. Needham & Company LLC lifted their price objective 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research report on Friday, July 17th. Wall Street Zen lowered shares of Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research downgraded shares of Unisys from a “strong-buy” rating to a “hold” rating in a research report on Monday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.33.

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.