Unisys (NYSE:UIS) Director Philippe Germond Sells 16,080 Shares

Unisys Corporation (NYSE:UIS) Director Philippe Germond sold 16,080 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $3.02, for a total value of $48,561.60. Following the completion of the transaction, the director owned 256,453 shares in the company, valued at $774,488.06. This represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Unisys Stock Performance

Shares of Unisys stock traded down $0.08 during midday trading on Tuesday, reaching $2.95. 499,660 shares of the company’s stock traded hands, compared to its average volume of 824,230. The company has a market cap of $214.71 million, a price-to-earnings ratio of -0.61, a price-to-earnings-growth ratio of 0.28 and a beta of 1.60. The company’s 50 day simple moving average is $2.45 and its 200 day simple moving average is $2.64. Unisys Corporation has a 52 week low of $1.97 and a 52 week high of $5.27.

Unisys (NYSE:UIS) last released its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.12. The business had revenue of $437.60 million for the quarter, compared to the consensus estimate of $415.64 million. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. As a group, equities research analysts predict that Unisys Corporation will post 0.7 earnings per share for the current year.

Analyst Ratings Changes

UIS has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th. Wall Street Zen lowered shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $4.00 price target on shares of Unisys in a research report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.67.

Institutional Trading of Unisys

Hedge funds have recently bought and sold shares of the stock. Potomac Capital Management Inc. bought a new position in Unisys during the fourth quarter valued at about $264,000. AXQ Capital LP bought a new position in Unisys during the fourth quarter valued at about $40,000. Newport Trust Company LLC increased its stake in Unisys by 12.8% during the fourth quarter. Newport Trust Company LLC now owns 1,354,788 shares of the information technology services provider’s stock valued at $3,739,000 after acquiring an additional 153,579 shares during the period. Kestra Private Wealth Services LLC bought a new position in Unisys in the fourth quarter worth $54,000. Finally, SG Americas Securities LLC bought a new position in Unisys in the fourth quarter worth $76,000. 86.87% of the stock is owned by institutional investors.

Unisys Company Profile

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.