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

Unisys Corporation (NYSE:UIS) Director Philippe Germond sold 16,080 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $3.02, for a total transaction of $48,561.60. Following the completion of the sale, the director directly owned 256,453 shares in the company, valued at approximately $774,488.06. The trade was a 5.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Unisys Trading Down 2.5%

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

Unisys (NYSE:UIS) last posted its 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. Unisys had a negative net margin of 17.70% and a negative return on equity of 23.51%. The business had revenue of $437.60 million for the quarter, compared to analysts’ expectations of $415.64 million. Analysts anticipate that Unisys Corporation will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Unisys

Several large investors have recently made changes to their positions in UIS. Cetera Investment Advisers bought a new stake in shares of Unisys during the first quarter worth $26,000. Abel Hall LLC bought a new position in shares of Unisys in the first quarter worth about $27,000. Quarry LP raised its stake in shares of Unisys by 445.7% in the fourth quarter. Quarry LP now owns 10,205 shares of the information technology services provider’s stock worth $28,000 after acquiring an additional 8,335 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Unisys by 487.1% in the first quarter. Royal Bank of Canada now owns 14,032 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 11,642 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Unisys in the 3rd quarter valued at $30,000. 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.