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

Unisys Corporation (NYSE:UIS) Director Philippe Germond sold 20,000 shares of Unisys stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $4.15, for a total transaction of $83,000.00. Following the completion of the sale, the director owned 236,453 shares of the company’s stock, valued at $981,279.95. This represents a 7.80% decrease in their position. The transaction was disclosed in a filing 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 shares were sold at an average price of $3.02, for a total transaction of $48,561.60.

Unisys Stock Down 5.7%

NYSE:UIS opened at $4.07 on Friday. The company has a fifty day moving average of $2.86 and a 200-day moving average of $2.70. The firm has a market capitalization of $296.92 million, a P/E ratio of -0.84, a P/E/G ratio of 0.41 and a beta of 1.84. Unisys Corporation has a twelve month low of $1.97 and a twelve month high of $5.07.

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

Hedge Funds Weigh In On Unisys

Hedge funds have recently bought and sold shares of the company. Diversified Trust Co boosted its holdings in Unisys by 38.8% during the 1st quarter. Diversified Trust Co now owns 29,583 shares of the information technology services provider’s stock worth $61,000 after acquiring an additional 8,270 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Unisys during the 4th quarter worth $68,000. Potomac Capital Management Inc. purchased a new position in shares of Unisys in the 4th quarter worth about $264,000. AXQ Capital LP purchased a new position in shares of Unisys in the 4th quarter worth about $40,000. Finally, Newport Trust Company LLC grew its position in 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 buying an additional 153,579 shares during the period. 86.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.