Insider Selling: Unisys (NYSE:UIS) Director Sells $83,000.00 in Stock

Unisys Corporation (NYSE:UIS) Director Philippe Germond sold 20,000 shares of Unisys stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $4.15, for a total value of $83,000.00. Following the transaction, the director directly owned 236,453 shares of the company’s stock, valued at $981,279.95. The trade was a 7.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

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

Unisys Trading Up 0.1%

Shares of NYSE UIS opened at $4.07 on Monday. Unisys Corporation has a 12 month low of $1.97 and a 12 month high of $5.07. The firm has a market capitalization of $296.92 million, a price-to-earnings ratio of -0.84, a PEG ratio of 0.39 and a beta of 1.83. The business has a 50-day moving average of $2.86 and a 200-day moving average of $2.70.

Unisys (NYSE:UIS) last announced 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 the consensus estimate of $415.64 million. On average, analysts predict that Unisys Corporation will post 0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on UIS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th. Needham & Company LLC lifted their target price on shares of Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen lowered shares of Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Unisys has a consensus rating of “Hold” and an average target price of $6.33.

Institutional Trading of Unisys

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Unisys during the fourth quarter valued at approximately $68,000. Potomac Capital Management Inc. purchased a new stake in shares of Unisys during the fourth quarter valued at approximately $264,000. AXQ Capital LP purchased a new stake in shares of Unisys during the fourth quarter valued at approximately $40,000. Newport Trust Company LLC boosted its stake in shares of 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 purchasing an additional 153,579 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of Unisys during the fourth quarter valued at approximately $54,000. Hedge funds and other 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.