Philippe Germond Sells 20,000 Shares of Unisys (NYSE:UIS) Stock

Unisys Corporation (NYSE:UIS) Director Philippe Germond sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $4.15, for a total value of $83,000.00. Following the transaction, the director owned 236,453 shares of the company’s stock, valued at approximately $981,279.95. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Philippe Germond also recently made the following trade(s):

• On Friday, May 15th, Philippe Germond sold 16,080 shares of Unisys stock. The stock was sold at an average price of $3.02, for a total value of $48,561.60.

Unisys Trading Down 5.7%

Shares of NYSE UIS opened at $4.07 on Friday. The stock has a 50 day simple moving average of $2.86 and a 200-day simple moving average of $2.70. The company has a market cap of $296.92 million, a PE ratio of -0.84, a P/E/G ratio of 0.39 and a beta of 1.84. Unisys Corporation has a 12-month low of $1.97 and a 12-month high of $5.07.

Unisys (NYSE:UIS) last announced its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.12. Unisys had a negative return on equity of 23.51% and a negative net margin of 17.70%.The firm had revenue of $437.60 million for the quarter, compared to analysts’ expectations of $415.64 million. Sell-side analysts forecast that Unisys Corporation will post 0.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on UIS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a report on Monday, April 20th. Needham & Company LLC boosted their target price on Unisys from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wall Street Zen cut Unisys from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its holdings in shares of Unisys by 50.9% in the fourth quarter. Millennium Management LLC now owns 2,604,604 shares of the information technology services provider’s stock valued at $7,189,000 after buying an additional 878,265 shares in the last quarter. Saba Capital Management L.P. increased its holdings in shares of Unisys by 15.5% in the first quarter. Saba Capital Management L.P. now owns 1,791,963 shares of the information technology services provider’s stock valued at $3,709,000 after buying an additional 240,476 shares in the last quarter. Palisade Capital Management LP increased its holdings in shares of Unisys by 17.4% in the second quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider’s stock valued at $7,966,000 after buying an additional 260,716 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Unisys by 36.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider’s stock valued at $4,816,000 after buying an additional 468,340 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Unisys by 18.9% in the second quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock valued at $7,768,000 after buying an additional 272,627 shares in the last quarter. Institutional investors own 86.87% of the company’s stock.

About Unisys

Unisys Corporation (NYSE: UIS) is a global information technology company that delivers a broad portfolio of digital workplace, cloud and infrastructure, application and security services. Formed in 1986 through the merger of Burroughs Corporation and Sperry Corporation, Unisys combines decades of experience in IT modernization with a focus on secure, data-driven transformations for government and enterprise organizations.

The company operates two core business segments: Services and Technology.