Unisys Corporation (NYSE:UIS) announced its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.34, Bloomberg Earnings reports. The company had revenue of $666.20 million during the quarter, compared to analyst estimates of $674.55 million. Unisys Corporation had a negative return on equity of 5.94% and a negative net margin of 3.81%. The company’s revenue was down 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 EPS.
Unisys Corporation (UIS) traded up 2.63% on Friday, hitting $8.21. The company had a trading volume of 669,326 shares. The firm’s market capitalization is $414.35 million. Unisys Corporation has a 12-month low of $7.95 and a 12-month high of $16.70. The firm has a 50-day moving average price of $11.91 and a 200-day moving average price of $12.65.
UIS has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Unisys Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. SunTrust Banks, Inc. set a $15.00 price objective on Unisys Corporation and gave the company a “buy” rating in a report on Wednesday, August 2nd. BidaskClub cut Unisys Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, ValuEngine cut Unisys Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.67.
In other Unisys Corporation news, Director Alison Davis sold 10,639 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $12.35, for a total value of $131,391.65. Following the completion of the transaction, the director now directly owns 44,393 shares in the company, valued at $548,253.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of UIS. JPMorgan Chase & Co. increased its position in Unisys Corporation by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 4,753,446 shares of the information technology services provider’s stock valued at $66,310,000 after buying an additional 1,279,885 shares in the last quarter. Vanguard Group Inc. increased its position in Unisys Corporation by 27.9% in the first quarter. Vanguard Group Inc. now owns 5,657,020 shares of the information technology services provider’s stock valued at $78,915,000 after buying an additional 1,234,289 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in Unisys Corporation during the second quarter valued at approximately $12,709,000. Alliancebernstein L.P. increased its position in Unisys Corporation by 35.6% in the second quarter. Alliancebernstein L.P. now owns 2,400,663 shares of the information technology services provider’s stock valued at $30,728,000 after buying an additional 629,880 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its position in Unisys Corporation by 302.0% in the first quarter. Kennedy Capital Management Inc. now owns 696,729 shares of the information technology services provider’s stock valued at $9,719,000 after buying an additional 523,430 shares in the last quarter.
About Unisys Corporation
Unisys Corporation (Unisys) is an information technology (IT) company. The Company operates through two segments: Services and Technology. The Company offers services, which include cloud and infrastructure services, application services and business process outsourcing services. In technology segment, the Company designs and develops software, servers and related products.
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