Key Points
- Unisys director Philippe Germond sold 16,080 shares on May 15 at an average price of $3.02, bringing in about $48,562 and reducing his ownership by 5.9%.
- Unisys reported better-than-expected quarterly results, posting EPS of -$0.14 versus estimates of -$0.26 and revenue of $437.6 million versus expectations of $415.64 million.
- Analyst sentiment remains mixed: the stock currently has an average “Hold” rating and a $5.67 average price target, while institutional investors continue to hold a large majority of shares.
Unisys Corporation (NYSE:UIS - Get Free Report) Director Philippe Germond sold 16,080 shares of the business's 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 completion of the sale, the director owned 256,453 shares of the company's stock, valued at $774,488.06. This trade represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Unisys Stock Performance
Shares of UIS opened at $2.95 on Wednesday. Unisys Corporation has a one year low of $1.97 and a one year high of $5.27. The stock has a market capitalization of $214.69 million, a price-to-earnings ratio of -0.61, a PEG 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported ($0.14) EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $415.64 million. On average, analysts predict that Unisys Corporation will post 0.7 earnings per share for the current year.
Institutional Trading of Unisys
Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Unisys by 18.9% during the 2nd 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. Arrowstreet Capital Limited Partnership increased its stake in Unisys by 106.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 444,084 shares of the information technology services provider's stock worth $2,012,000 after acquiring an additional 229,233 shares during the last quarter. Cerity Partners LLC increased its stake in Unisys by 12.4% during the second quarter. Cerity Partners LLC now owns 24,664 shares of the information technology services provider's stock worth $112,000 after acquiring an additional 2,728 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Unisys in the second quarter valued at $128,000. Finally, Qube Research & Technologies Ltd raised its position in Unisys by 13.6% in the second quarter. Qube Research & Technologies Ltd now owns 533,004 shares of the information technology services provider's stock valued at $2,415,000 after purchasing an additional 64,002 shares during the period. Institutional investors and hedge funds own 86.87% of the company's stock.
Wall Street Analysts Forecast Growth
UIS has been the subject of several research reports. Wall Street Zen cut Unisys from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Unisys in a research report on Monday, April 20th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $4.00 price target on shares of Unisys in a research report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $5.67.
Read Our Latest Stock Analysis on UIS
Unisys Company Profile
(
Get Free Report)
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.
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