Unisys (NYSE:UIS) Shares Gap Down - Should You Sell?

Shares of Unisys Co. (NYSE:UIS - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $8.92, but opened at $8.65. Unisys shares last traded at $7.48, with a volume of 376,958 shares.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Unisys from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th.

Unisys Stock Down 21.1 %

The company has a market capitalization of $488.29 million, a PE ratio of -1.24, a PEG ratio of 1.82 and a beta of 0.75. The business has a 50 day simple moving average of $7.05 and a 200 day simple moving average of $5.55.

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

Institutional Trading of Unisys

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UIS. Needham Investment Management LLC boosted its holdings in shares of Unisys by 7.9% in 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 acquiring an additional 385,000 shares during the last quarter. 272 Capital LP acquired a new position in Unisys during the third quarter valued at $1,832,000. Vanguard Group Inc. boosted its holdings in Unisys by 4.8% in the first quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider's stock valued at $32,076,000 after purchasing an additional 300,941 shares during the last quarter. Bank of Montreal Can grew its position in Unisys by 738.6% during the 2nd quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider's stock worth $1,187,000 after purchasing an additional 253,108 shares during the period. Finally, State Street Corp raised its stake in shares of Unisys by 13.2% during the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider's stock valued at $9,162,000 after buying an additional 188,630 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company's stock.

About Unisys

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.