Stock Traders Buy Large Volume of Put Options on Unisys (UIS)

Unisys Corporation (NYSE:UIS) was the target of some unusual options trading on Thursday. Stock traders purchased 1,502 put options on the company. This is an increase of approximately Infinity compared to the typical daily volume of 0 put options.

UIS has been the topic of a number of recent analyst reports. ValuEngine raised Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Loop Capital cut their price target on Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, October 31st. Zacks Investment Research upgraded Unisys from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, BidaskClub upgraded Unisys from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $12.00.

Shares of Unisys (NYSE UIS) traded down $0.10 during trading on Monday, reaching $7.50. The company’s stock had a trading volume of 461,123 shares, compared to its average volume of 716,088. The company has a debt-to-equity ratio of -0.38, a quick ratio of 1.33 and a current ratio of 1.37. Unisys has a 52-week low of $6.90 and a 52-week high of $16.70. The firm has a market cap of $383.60, a P/E ratio of 6.23 and a beta of 1.86.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Monday, October 30th. The information technology services provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.87. Unisys had a negative return on equity of 5.32% and a negative net margin of 4.30%. The firm had revenue of $666.30 million during the quarter, compared to the consensus estimate of $637.10 million. During the same period last year, the business posted $0.41 EPS. The business’s revenue was down 2.5% compared to the same quarter last year. analysts forecast that Unisys will post 1.39 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Stifel Financial Corp purchased a new position in Unisys in the 2nd quarter valued at approximately $141,000. Cigna Investments Inc. New purchased a new position in shares of Unisys during the 2nd quarter valued at $148,000. Bayesian Capital Management LP purchased a new position in shares of Unisys during the 2nd quarter valued at $157,000. Legal & General Group Plc grew its position in shares of Unisys by 7.1% during the 1st quarter. Legal & General Group Plc now owns 12,452 shares of the information technology services provider’s stock valued at $175,000 after purchasing an additional 821 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of Unisys by 117.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 19,142 shares of the information technology services provider’s stock valued at $245,000 after purchasing an additional 10,345 shares in the last quarter.

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Unisys Company Profile

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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