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

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

Unisys Stock Down 2.5%

Unisys stock opened at $2.95 on Wednesday. Unisys Corporation has a 52 week low of $1.97 and a 52 week high of $5.27. The company has a market capitalization of $214.69 million, a price-to-earnings ratio of -0.61, a price-to-earnings-growth ratio of 0.29 and a beta of 1.60. The stock has a 50-day moving average price of $2.47 and a 200 day moving average price of $2.63.

Unisys (NYSE:UIS) last released its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $415.64 million. Research analysts anticipate that Unisys Corporation will post 0.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Unisys

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its position 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 valued at $29,000 after buying an additional 11,642 shares in the last quarter. Saba Capital Management L.P. increased its position 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. Lazard Asset Management LLC increased its position in shares of Unisys by 43.0% in the first quarter. Lazard Asset Management LLC now owns 200,155 shares of the information technology services provider’s stock valued at $414,000 after buying an additional 60,170 shares in the last quarter. Sei Investments Co. increased its position in shares of Unisys by 169.4% in the first quarter. Sei Investments Co. now owns 69,861 shares of the information technology services provider’s stock valued at $145,000 after buying an additional 43,927 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Unisys in the first quarter valued at approximately $26,000. 86.87% of the stock is currently owned by hedge funds and other 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.