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

Unisys Corporation (NYSE:UIS) Director Philippe Germond sold 16,080 shares of Unisys stock in a transaction that occurred on Friday, May 15th. The shares were 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 in the company, valued at approximately $774,488.06. This trade represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Unisys Trading Up 1.5%

Shares of NYSE UIS opened at $2.98 on Thursday. Unisys Corporation has a 12-month low of $1.97 and a 12-month high of $5.21. The company has a market cap of $216.88 million, a PE ratio of -0.61, a P/E/G ratio of 0.28 and a beta of 1.60. The stock has a 50 day simple moving average of $2.48 and a 200-day simple moving average of $2.63.

Unisys (NYSE:UIS) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, beating 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.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Unisys

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in 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 purchasing an additional 11,642 shares during the period. Saba Capital Management L.P. lifted its position in 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 worth $3,709,000 after purchasing an additional 240,476 shares during the period. Lazard Asset Management LLC lifted its position in 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 worth $414,000 after purchasing an additional 60,170 shares during the period. Sei Investments Co. lifted its position in Unisys by 169.4% in the first quarter. Sei Investments Co. now owns 69,861 shares of the information technology services provider’s stock worth $145,000 after purchasing an additional 43,927 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in Unisys in the first quarter worth approximately $26,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

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.