Dallas, Texas 05/07/2014 (FINANCIALSTRENDS) – Pennsylvania based Unisys Corporation (NYSE:UIS) is an IT firm offering information technology services, software and technology for clients across the world. The company mainly operates in a Services Segment and Technology Segment. Yesterday its stock closed at $23.54, down 1.47% or $0.35 from its previous close. The stock is down almost 30% year to date and at its previous close it was 34.70% below its 52 week high of $36.05. It is also trading almost 17.4% below its 200 day simple moving average and 21.2% below its 50 day simple moving average.
Insider Selling:
Unisys Corporation (NYSE:UIS)’s Senior Vice President, Ronald Frankenfield sold 3,723 shares of the company’s common stock in a transaction dated Friday, May 2, 2014. The stock was sold for a total transaction value of $89,575 at an average price of $24.06 per share. Following this sell, Mr. Frankenfield now continues to own 50 shares of the company’s common stock.
Stock Rating:
Recently many analysts have commented on the stock of Unisys Corporation (NYSE:UIS) and investment analysts at Zacks were the most recent to do so on April 29, 2014. Zacks downgraded the stock from a “neutral” to an “underperform” rating with a price objective of $22 on the stock of Unisys Corporation which is even below its previous close of $23.54.
Equities analysts at Susquehanna reaffirmed their “neutral” rating for the stock with a price objective of $32. However, they cut price target from previously noted target of $35. Analysts at Raymond James also downgraded the stock to a “market perform” rating from previously announced “outperform” rating. They now maintain price objective of $37 on the stock of Unisys Corporation which suggests a considerable upside from its previous close of $23.54.
In its recent quarterly earnings release the company missed the consensus revenue estimate of $826.13 million as it posted revenue of $761.70 million and consensus EPS estimate of $0.41 as it posted EPS of ($0.74) for the quarter.
