Unisys (NYSE:UIS) Stock Crosses Above 200 Day Moving Average - What's Next?

Unisys Co. (NYSE:UIS - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.93 and traded as high as $6.43. Unisys shares last traded at $6.27, with a volume of 338,148 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Unisys from a "hold" rating to a "buy" rating in a research report on Saturday, December 28th.

Unisys Price Performance

The firm's 50-day moving average price is $7.29 and its 200-day moving average price is $5.96. The stock has a market cap of $434.91 million, a P/E ratio of -1.11, a PEG ratio of 1.52 and a beta of 0.79.

Unisys (NYSE:UIS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.21). Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The company had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. The business's revenue was up 7.0% on a year-over-year basis. Sell-side analysts expect that Unisys Co. will post 0.31 earnings per share for the current year.

Institutional Trading of Unisys

A number of large investors have recently added to or reduced their stakes in UIS. Needham Investment Management LLC raised its position in shares of Unisys by 7.9% during the 3rd quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider's stock valued at $29,820,000 after buying an additional 385,000 shares in the last quarter. 272 Capital LP bought a new stake in shares of Unisys in the 3rd quarter valued at approximately $1,832,000. Bank of Montreal Can lifted its stake in shares of Unisys by 738.6% in the 2nd quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider's stock valued at $1,187,000 after purchasing an additional 253,108 shares during the last quarter. State Street Corp boosted its holdings in shares of Unisys by 13.2% in the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider's stock worth $9,162,000 after purchasing an additional 188,630 shares during the period. Finally, Federated Hermes Inc. increased its position in shares of Unisys by 13.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider's stock valued at $5,510,000 after purchasing an additional 162,177 shares during the last quarter. Institutional investors own 86.87% of the company's stock.

Unisys Company Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.