|Bid||17.30 x 800|
|Ask||17.38 x 1200|
|Day's Range||17.33 - 18.02|
|52 Week Range||6.39 - 18.13|
|Beta (5Y Monthly)||1.55|
|PE Ratio (TTM)||49.69|
|Earnings Date||Feb 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 17, 1990|
|1y Target Est||22.67|
A letter bomb went off on Thursday at an office of ING Bank in Amsterdam, causing a "small explosion" in which no one was hurt, a spokeswoman for the bank said. A series of letter bombs have been sent in the country this week, including one disarmed near Utrecht earlier on Thursday. Police said an ambulance was sent to the ING building as a precaution after one person had inhaled smoke there.
Unisys Corporation (NYSE: UIS) today announced that Telefónica, one of the world's largest telephone operators and mobile network providers, has expanded its successful partnership with Unisys in Europe to provide secure, next generation voicemail services to millions of Telefónica Deutschland customers in Germany. Unisys communications solutions support more than 200 million mobile subscribers around the world.
Moody's Investors Service, ("Moody's") placed Unisys Corporation's ("Unisys") B2 Corporate Family Rating ("CFR"), B2-PD Probability of Default rating, and B3 senior unsecured rating on review for upgrade. This rating action follows Unisys's announcement that the company has agreed to sell its US Federal business to Science Applications International Corp. ("SAIC") for $1.2 billion in an all-cash transaction (the "Divestiture"). Unisys plans to use the net proceeds for the principal and premium required to redeem all of its $440 million of 10.75% Senior Secured Notes and to make a pension contribution of $600 million.
The aging tech-services company announced a deal to sell its U.S. federal business to Science Applications International, raising badly needed cash.
Shares of Unisys Corp. rocketed 44% toward a 15-month high in active midday trading Thursday, after the information technology company announced a deal to sell its U.S. Federal business for $1.2 billion, to Science Applications International Corp. . The stock's gain, which is on track to be the biggest since it's record rally of 69% on April 16, 2009, was enough to make the stock the best performer on major U.S. exchanges. Chief Financial Officer Michael Thomson said on a conference call with analysts discussing the deal that $600 million of the proceeds will be applied to required contributions to defined-benefit pension plans over the next three years. He said that will reduce the unfunded pension deficit to about $860 million from $1.9 billion, and decrease the company's net debt leverage to 2.4 times from 4.2 times as of Sept. 30, 2019. "Our intended contribution of the net proceeds to the US pension plans will also effectively eliminate requirements to make cash contributions out of ongoing operations to those plans for the next three years and significantly accelerates our path to being free cash flow positive," Thomson said, according to a FactSet transcript. Unisys also said it plans to fully redeem the $440 million of senior secured notes outstanding. Over the past 12 months, Unisys shares have now gained 21.8%, while the S&P 500 has advanced 22.5%.
Science Applications International Corp. (NYSE: SAIC) has made its first acquisition of 2020, buying Unisys Corp.’s federal business unit for $1.2 billion. The all-cash buy announced Thursday marks the first major transaction for Reston-based SAIC since its purchase of Engility Holdings Inc. in January 2019 and signals the contractor's desire to take a bigger piece of the federal government's IT modernization and digital transformation efforts. Unisys Federal has generated solid growth for the Blue Bell, Pennsylvania, company in the past year — posting third-quarter revenue growth of 53.6% over the prior year and up to $690 million in annual revenue — built on a strong foothold in the cloud migration, information technology modernization, managed services and enterprise IT-as-a-service markets.
Shares of Unisys Corp. ran up 11.4% in premarket trading Thursday, after the information technology company announced a deal to sell its U.S. Federal business to Science Applications International Corp. for $1.2 billion. SAIC shares were still inactive ahead of the open. Unisys said it plans to use the proceeds to "significantly" improve its balance sheet by paying down debt and reducing pension obligations. Unisys said the transaction multiple of 13-times adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) represents a "significant premium" to Unisys' overall multiple. Separately, Unisys said it has adopted a tax asset protection plan. As part of the plan, the company declared a dividend of one preferred share purchase right for each common share outstanding, payable to shareholders as of Feb. 15. The stock has gained 3.4% over the past three months through Wednesday, while the S&P 500 has hiked up 8.4%.
Science Applications International Corp. (NYSE: SAIC), a premier technology integrator, today announced that it has entered into a definitive agreement to acquire Unisys Federal, in an all-cash transaction valued at $1.2 billion ($1.025 billion net of the present value of tax assets of approximately $175 million), in a highly strategic and value creating transaction. This represents a transaction multiple of approximately 10.5x CY2020 adjusted EBITDA, adjusted for the net present value of tax assets.
Unisys Corporation (NYSE: UIS), a leader in digital transformation solutions, today entered into a definitive agreement to sell the company's U.S. Federal business to Science Applications International Corp. (SAIC) (NYSE: SAIC) for $1.2 billion. The transaction multiple of approximately 13x LTM 9/30/19 Adjusted EBITDA(5) represents a significant premium to Unisys' trading multiple. Net proceeds are largely expected to be used to pay down debt and reduce pension obligations, thereby significantly improving Unisys' balance sheet, its U.S. pension funded status and overall financial flexibility. The transaction was unanimously approved by the Unisys Board of Directors and is expected to close in the first half of 2020, subject to customary closing conditions.
Unisys Corporation (NYSE: UIS) today announced that Chief Trust Officer Tom Patterson received the Trust Across America-Trust Around the World (TAA-TAW) Lifetime Achievement Award for his ongoing work on security initiatives, including the National Cyber Moonshot, as well as his security-related work each year with world leaders in Davos and with key organizations in government, academia and the private sector.
Unisys Corporation (NYSE: UIS) today announced it is extending its brand partnership with pro golfer Ryan Palmer, a four-time winner on the PGA TOUR, including a first-place finish in the 2019 Zurich Classic of New Orleans.
Unisys Corporation (NYSE:UIS), which is in the it business, and is based in United States, led the NYSE gainers with a...
Unisys Corporation (NYSE: UIS) today announced it will host its SMART 2020 conference – the focus of which is to empower U.S. federal agencies on how to align mission needs with meeting modernization laws and guidance – on Thursday, January 23 in Washington, D.C.
Unisys Corporation (NYSE: UIS) today announced that Chief Trust Officer Tom Patterson will take to the stage in Davos this week to discuss the role of trust in the digital economy and how developing talent and improving education is critical for the future of cybersecurity. Patterson will also guide world leaders from business and government in collaborative activities to help shape their agendas for the coming year.
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 45.7% last year and beat the S&P 500 […]
Unisys Corporation (NYSE: UIS) today announced that the U.S. Department of Health and Human Services (HHS) selected the company to provide secure service desk, end user support and infrastructure operations and engineering services to the department's Office of the Inspector General (OIG). Under the task order, the company will deliver capabilities of its Unisys Digital Workplace Services and the Unisys InteliServe™ platform for service desk managed services.
Unisys Corporation (NYSE: UIS) today announced that WomenInc., a leading magazine dedicated to comprehensive coverage of women's achievement in business, has recognized each of the four women members of the company's board of directors in its 2019 Most Influential Corporate Directors edition.
Unisys Corporation (NYSE: UIS) today announced that leading global technology research and advisory firm Information Services Group (ISG) has recognized the company as a global leader in digital workplace services.
Unisys Corporation (NYSE: UIS) today announced that ITSMA – an organization of strategic marketing professionals dedicated to defining, building, inspiring, supporting and recognizing excellence in B2B services marketing – has recognized the Unisys Client Success Program as a Gold Winner in the "Strengthening Marketing's Role in Customer Experience and Success" category as part of its Marketing Excellence Awards 2019 program.
Unisys Corporation (NYSE: UIS) today announced that TravelSky has migrated China Southern Airlines to the Unisys AirCore® next-generation passenger system to streamline and modernize passenger sales and service (PSS) applications.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of September 30. In this […]