Strs Ohio Makes New $548,000 Investment in Unisys Corporation $UIS

Key Points

• Strs Ohio acquired a new position in Unisys Corporation by purchasing 119,400 shares, valued at approximately $548,000, during the first quarter.
• Other institutional investors, including Vanguard Group and AQR Capital Management, have also increased their stakes in Unisys, indicating growing interest among large investors.
• Unisys has seen upward ratings from Wall Street analysts, including upgrades to a "buy" rating by Maxim Group and Wall Street Zen, with an average price target of $7.17.

Strs Ohio acquired a new position in Unisys Corporation (NYSE:UIS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 119,400 shares of the information technology services provider's stock, valued at approximately $548,000. Strs Ohio owned about 0.17% of Unisys at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UIS. AQR Capital Management LLC lifted its stake in shares of Unisys by 232.5% in the first quarter. AQR Capital Management LLC now owns 1,227,724 shares of the information technology services provider's stock worth $5,635,000 after buying an additional 858,516 shares during the last quarter. Whetstone Capital Advisors LLC acquired a new stake in shares of Unisys in the first quarter worth $2,836,000. Acadian Asset Management LLC lifted its stake in shares of Unisys by 15.7% in the first quarter. Acadian Asset Management LLC now owns 1,817,608 shares of the information technology services provider's stock worth $8,337,000 after buying an additional 246,660 shares during the last quarter. Needham Investment Management LLC lifted its stake in shares of Unisys by 4.2% in the first quarter. Needham Investment Management LLC now owns 5,559,800 shares of the information technology services provider's stock worth $25,519,000 after buying an additional 224,800 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Unisys by 2.7% in the first quarter. Vanguard Group Inc. now owns 7,287,403 shares of the information technology services provider's stock worth $33,449,000 after buying an additional 190,939 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UIS. Needham & Company LLC began coverage on shares of Unisys in a research note on Wednesday, September 3rd. They issued a "buy" rating and a $6.00 price objective for the company. Maxim Group upgraded shares of Unisys from a "hold" rating to a "buy" rating and set a $9.00 target price for the company in a research note on Monday, August 4th. Jefferies Financial Group initiated coverage on shares of Unisys in a research note on Monday. They set a "hold" rating and a $4.00 target price for the company. Finally, Wall Street Zen upgraded shares of Unisys from a "hold" rating to a "buy" rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.38.

Unisys Stock Performance

Unisys stock traded down $0.07 during trading hours on Tuesday, reaching $4.04. 209,180 shares of the company's stock traded hands, compared to its average volume of 641,500. Unisys Corporation has a fifty-two week low of $3.56 and a fifty-two week high of $8.93. The firm has a market capitalization of $287.66 million, a price-to-earnings ratio of -3.42, a PEG ratio of 0.55 and a beta of 1.35. The firm's 50 day moving average is $4.01 and its 200-day moving average is $4.28.

Unisys (NYSE:UIS - Get Free Report) last released its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.53. Unisys had a negative net margin of 4.16% and a negative return on equity of 12.55%. The company had revenue of $483.30 million for the quarter, compared to the consensus estimate of $444.65 million. During the same period in the prior year, the company posted $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. Analysts predict that Unisys Corporation will post 0.61 EPS for the current year.

About Unisys

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.