Unisys Target of Unusually Large Options Trading (NYSE:UIS)

Unisys Corporation (NYSE:UIS) was the recipient of unusually large options trading on Thursday. Stock traders acquired 1,502 put options on the company. This represents an increase of approximately Infinity compared to the typical volume of 0 put options.

Unisys (NYSE:UIS) traded down $0.10 during midday 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 stock has a market cap of $383.60, a PE ratio of 6.23 and a beta of 1.86. 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.

Unisys (NYSE:UIS) last released its earnings results on Monday, October 30th. The information technology services provider reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.87. The company had revenue of $666.30 million during the quarter, compared to analysts’ expectations of $637.10 million. Unisys had a negative return on equity of 5.32% and a negative net margin of 4.30%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. equities analysts anticipate that Unisys will post 1.39 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in UIS. Vanguard Group Inc. boosted its stake in shares of Unisys by 27.9% during the 1st quarter. Vanguard Group Inc. now owns 5,657,020 shares of the information technology services provider’s stock valued at $78,915,000 after buying an additional 1,234,289 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Unisys during the 2nd quarter valued at approximately $12,709,000. Towle & Co. raised its position in shares of Unisys by 31.0% during the 3rd quarter. Towle & Co. now owns 2,976,222 shares of the information technology services provider’s stock valued at $25,298,000 after acquiring an additional 704,306 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Unisys by 35.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,400,663 shares of the information technology services provider’s stock valued at $30,728,000 after acquiring an additional 629,880 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Unisys by 112.1% during the 1st quarter. Bank of America Corp DE now owns 566,798 shares of the information technology services provider’s stock valued at $7,907,000 after acquiring an additional 299,522 shares in the last quarter.

A number of research firms have weighed in on UIS. BidaskClub cut Unisys from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Loop Capital decreased their price target on Unisys from $12.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, October 31st. ValuEngine upgraded Unisys from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Unisys from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Unisys currently has an average rating of “Hold” and an average price target of $12.00.

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About Unisys

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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