Unisys Co. (NYSE:UIS) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 5,038 call options on the company. This is an increase of approximately 500% compared to the average daily volume of 839 call options.
A number of research analysts recently weighed in on UIS shares. Sidoti started coverage on shares of Unisys in a research report on Monday, December 7th. They issued a “buy” rating for the company. BidaskClub raised shares of Unisys from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 8th.
Unisys stock traded up $0.41 during mid-day trading on Wednesday, reaching $22.65. The company’s stock had a trading volume of 663,033 shares, compared to its average volume of 603,358. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 1.56 and a beta of 0.61. The business’s 50 day simple moving average is $17.90 and its 200 day simple moving average is $13.32. Unisys has a 12 month low of $8.25 and a 12 month high of $22.86.
Unisys (NYSE:UIS) last announced its quarterly earnings results on Saturday, October 31st. The information technology services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.44. The firm had revenue of $495.20 million during the quarter, compared to analysts’ expectations of $485.10 million. Unisys had a net margin of 37.20% and a negative return on equity of 9.91%. The company’s revenue for the quarter was down 34.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share.
A number of hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. acquired a new stake in Unisys in the second quarter valued at $27,000. Nisa Investment Advisors LLC grew its position in Unisys by 230.9% during the third quarter. Nisa Investment Advisors LLC now owns 3,905 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 2,725 shares during the last quarter. California Public Employees Retirement System grew its position in Unisys by 2.6% during the third quarter. California Public Employees Retirement System now owns 140,367 shares of the information technology services provider’s stock valued at $1,498,000 after acquiring an additional 3,500 shares during the last quarter. Aperio Group LLC grew its position in Unisys by 20.0% during the third quarter. Aperio Group LLC now owns 22,935 shares of the information technology services provider’s stock valued at $245,000 after acquiring an additional 3,815 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Unisys by 7.0% during the third quarter. UBS Asset Management Americas Inc. now owns 61,138 shares of the information technology services provider’s stock valued at $652,000 after acquiring an additional 4,019 shares during the last quarter. Hedge funds and other institutional investors own 98.91% of the company’s stock.
Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. Its solutions include Unisys InteliServe, a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive managed service offering to help accelerate the secure move of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security consulting services, the Unisys Incident Response Ecosystem subscription service, and the TrustCheck cyber risk management solution.
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