In a recent transaction, Roxanne Taylor, a director at Unisys Corp (NYSE:UIS), sold 78,868 shares of the company's stock. The sale was executed at a weighted average price of $5.075 per share, resulting in a total transaction value of approximately $400,255. The shares were sold in multiple transactions with prices ranging from $4.970 to $5.120.
The transaction was disclosed in a filing with the Securities and Exchange Commission (SEC), which provides transparency into the stock trading activities of corporate insiders. Following the sale, Taylor's remaining stake in Unisys Corp consists of 8,009 shares of common stock.
Investors often monitor insider transactions as they can provide insights into the executives' perspectives on the company's current valuation and future prospects. However, such transactions can be motivated by a variety of factors and do not necessarily signal a change in company fundamentals.
Unisys Corp, a company with a long history in the technology sector, specializes in providing integrated systems design services. The company's stock trading symbol on the New York Stock Exchange is UIS.
The details of the sale are available to the public, and upon request, Taylor is prepared to provide Unisys Corporation, any security holder, or the SEC staff with full information regarding the number of shares sold at each separate price within the range.
The transaction was signed off by Alex Gonzalez, Attorney-in-Fact, on May 20, 2024, as indicated in the SEC filing.
InvestingPro Insights
Unisys Corp (NYSE:UIS), a company recognized for its integrated systems design services, has recently been in the news due to insider trading activity. Roxanne Taylor's sale of shares has prompted a closer look at the company's financial metrics and market performance. According to InvestingPro data, Unisys Corp has a market capitalization of approximately $341.3 million, highlighting its mid-cap status in the technology sector. Despite a challenging period, with revenue showing a decline of 3.06% over the last twelve months as of Q1 2024, the company's gross profit margin remains at a healthy 26.89%, indicating a stable cost structure relative to sales.
InvestingPro Tips suggest that Unisys Corp is trading at a low revenue valuation multiple, which could indicate that the stock is undervalued compared to its revenue generation. This is further supported by the company's strong free cash flow yield, as implied by its valuation. Interestingly, while the company has not been profitable over the past year, analysts predict a turnaround with profitability expected this year. This could signal potential for future growth, despite the stock's significant price decline of 36.28% over the last three months.
For those considering an investment in Unisys Corp, it's worth noting that the company does not currently pay a dividend to shareholders, which may influence the investment strategy for income-focused portfolios. To gain additional insights into Unisys Corp's financial health and market potential, investors can access more InvestingPro Tips. There are currently 5 additional tips available on InvestingPro, which can be found at: https://www.investing.com/pro/UIS. To enhance your investing strategy with these valuable insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
As the next earnings date approaches on July 30, 2024, investors will be keenly watching for signs of progress toward profitability and growth, which could influence the stock's future trajectory. The fair value estimates provided by analysts and InvestingPro stand at $5.5 and $6.92 respectively, suggesting potential upside from the previous close price of $4.97.
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