Unisys Corporation (NYSE:UIS) Posts Earnings Results, Misses Estimates By $0.34 EPS

Unisys Corporation (NYSE:UIS) issued its earnings results on Tuesday, August 1st. The information technology services provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.34, Bloomberg Earnings reports. Unisys Corporation had a negative return on equity of 5.94% and a negative net margin of 3.81%. The business had revenue of $666.20 million for the quarter, compared to the consensus estimate of $674.55 million. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The business’s revenue was down 11.0% compared to the same quarter last year.

Unisys Corporation (UIS) traded down 9.49% during mid-day trading on Friday, reaching $7.15. The company had a trading volume of 1,676,400 shares. The stock has a 50-day moving average of $11.20 and a 200 day moving average of $12.47. Unisys Corporation has a 12-month low of $7.10 and a 12-month high of $16.70. The company’s market capitalization is $360.85 million.

In other Unisys Corporation news, Director Alison Davis sold 10,639 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $12.35, for a total transaction of $131,391.65. Following the completion of the transaction, the director now directly owns 44,393 shares of the company’s stock, valued at $548,253.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of Unisys Corporation by 0.6% in the first quarter. FMR LLC now owns 7,559,565 shares of the information technology services provider’s stock valued at $105,456,000 after buying an additional 47,067 shares during the period. Vanguard Group Inc. raised its position in shares of Unisys Corporation by 18.7% in the second quarter. Vanguard Group Inc. now owns 6,715,192 shares of the information technology services provider’s stock valued at $85,954,000 after buying an additional 1,058,172 shares during the period. Fairpointe Capital LLC raised its position in shares of Unisys Corporation by 3.9% in the second quarter. Fairpointe Capital LLC now owns 6,021,503 shares of the information technology services provider’s stock valued at $77,075,000 after buying an additional 228,358 shares during the period. JPMorgan Chase & Co. raised its position in shares of Unisys Corporation by 2.7% in the second quarter. JPMorgan Chase & Co. now owns 4,881,766 shares of the information technology services provider’s stock valued at $62,488,000 after buying an additional 128,320 shares during the period. Finally, Royce & Associates LP raised its position in shares of Unisys Corporation by 8.5% in the first quarter. Royce & Associates LP now owns 2,887,101 shares of the information technology services provider’s stock valued at $40,275,000 after buying an additional 227,000 shares during the period.

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UIS has been the subject of several research analyst reports. BidaskClub downgraded Unisys Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. SunTrust Banks, Inc. set a $15.00 price target on Unisys Corporation and gave the company a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine downgraded Unisys Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Unisys Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.67.

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.

Earnings History for Unisys Corporation (NYSE:UIS)

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