Stock traders buy high volume of put options on Unisys (NYSE: UIS)

Unisys Co. (NYSE: UIS) was the target of unusual options trading activity on Friday. Stock traders acquired 17,688 puts on the company. This represents an increase of approximately 2,438% over the average volume of 697 puts.

Actions of ISU open for $ 24.06 Friday. The company has a market cap of $ 1.61 billion, a P / E ratio of -3.62 and a beta of 0.57. Unisys has a one-year minimum of $ 9.92 and a one-year maximum of $ 28.60. The stock has a fifty-day moving average price of $ 25.23.

Unisys (NYSE: UIS) last released its quarterly earnings data on Thursday, May 6. The IT service provider reported earnings per share of $ 0.46 for the quarter, beating the consensus estimate of $ 0.40 by $ 0.06. The company posted revenue of $ 509.80 million in the quarter, compared to analysts’ expectations of $ 505.70 million. Unisys recorded a negative return on equity of 40.08% and a negative net margin of 20.90%. The company’s turnover is down 1.1% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $ 0.02.

In related news, SVP Gerald P. Kenney sold 12,790 shares of the company in a transaction that took place on Monday, June 7. The stock was sold for an average price of $ 27.72, for a total value of $ 354,538.80. Following the finalization of the sale, the Senior Vice President now directly owns 95,113 shares of the company, valued at approximately $ 2,636,532.36. The transaction was disclosed in a file with the SEC, which can be accessed through the SEC website. Additionally, COO Eric Hutto sold 12,135 shares of the company in a trade that took place on Monday, June 7. The stock was sold for an average price of $ 27.55, for a total value of $ 334,319.25. Following the sale, the COO now directly owns 177,722 shares of the company, valued at approximately $ 4,896,241.10. Disclosure of this sale can be found here. Insiders have sold a total of 34,925 shares of the company valued at $ 926,758 in the past 90 days. 2.50% of the shares are held by insiders.

Institutional investors and hedge funds recently bought and sold shares in the company. Vantage Consulting Group Inc purchased a new position in Unisys during the fourth quarter valued at $ 37,000. Captrust Financial Advisors increased its stake in Unisys shares by 573.4% during the 1st quarter. Captrust Financial Advisors now owns 1,926 shares of the IT service provider valued at $ 49,000 after purchasing an additional 1,640 shares during the period. Point72 Hong Kong Ltd increased its position in Unisys shares by 123.2% in the first quarter. Point72 Hong Kong Ltd now owns 2,670 shares of the IT service provider valued at $ 68,000 after purchasing an additional 1,474 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Unisys shares by 17.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,114 shares of the IT service provider valued at $ 61,000 after purchasing an additional 460 shares during the period. Finally, NEXT Financial Group Inc acquired a new stake in Unisys during the fourth quarter valued at approximately $ 109,000. 89.99% of the shares are held by institutional investors.

About Unisys

Unisys Corporation operates as a worldwide IT services company. It operates in two segments, services and technology. The Services segment offers cloud and infrastructure services, application services and business process outsourcing services. Its solutions include Unisys InteliServe, a service solution that transforms the traditional service desk into a smart, user-centric experience aligned with the needs of the modern digital workplace; Unisys CloudForte, a comprehensive range of managed services to help accelerate the secure movement of data and applications to the cloud; and Unisys Security Solutions, a portfolio that includes managed security services, security advisory services, Unisys Incident Response Ecosystem subscription service and TrustCheck cyber risk management solution.

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