Philippe Germond Sells 20,000 Shares of Unisys (NYSE:UIS) Stock

Unisys Corporation (NYSE:UIS) Director Philippe Germond sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was 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. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

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

Unisys Trading Down 5.7%

Shares of UIS stock traded down $0.25 on Friday, hitting $4.07. 747,467 shares of the stock were exchanged, compared to its average volume of 884,835. The firm has a market capitalization of $296.92 million, a P/E ratio of -0.84, a price-to-earnings-growth ratio of 0.40 and a beta of 1.84. The business has a 50-day moving average of $2.82 and a 200 day moving average of $2.69. Unisys Corporation has a fifty-two week low of $1.97 and a fifty-two week high of $5.07.

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

Analyst Upgrades and Downgrades

UIS has been the subject of several recent research reports. Wall Street Zen cut Unisys from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Needham & Company LLC lifted their target price on Unisys from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Unisys in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Unisys has a consensus rating of “Hold” and a consensus target price of $6.33.

Institutional Investors Weigh In On Unisys

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in shares of Unisys by 50.9% in the fourth quarter. Millennium Management LLC now owns 2,604,604 shares of the information technology services provider’s stock valued at $7,189,000 after buying an additional 878,265 shares during the period. Saba Capital Management L.P. boosted its stake 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 during the period. Palisade Capital Management LP boosted its stake in shares of Unisys by 17.4% in the second quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider’s stock valued at $7,966,000 after buying an additional 260,716 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Unisys by 36.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,744,864 shares of the information technology services provider’s stock valued at $4,816,000 after buying an additional 468,340 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Unisys by 18.9% in the second quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider’s stock valued at $7,768,000 after buying an additional 272,627 shares during the period. 86.87% of the stock is currently 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.