Ieq Capital LLC Takes $297,000 Position in Unisys Corporation $UIS

Key Points

• Ieq Capital LLC acquired 64,657 shares of Unisys Corporation (NYSE: UIS), valued at approximately $297,000, during the first quarter, representing about 0.09% of the company.
• Unisys reported a quarterly EPS of $0.19, exceeding analysts' estimates, and had a revenue of $483.30 million for the same period.
• Wall Street analysts have set a consensus rating of "Moderate Buy" for Unisys, with target prices ranging from $6.00 to $9.00.

Ieq Capital LLC bought a new position in shares of Unisys Corporation (NYSE:UIS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 64,657 shares of the information technology services provider's stock, valued at approximately $297,000. Ieq Capital LLC owned approximately 0.09% of Unisys as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UIS. Dimensional Fund Advisors LP grew its position in Unisys by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,259,543 shares of the information technology services provider's stock worth $7,974,000 after buying an additional 88,506 shares in the last quarter. Hsbc Holdings PLC grew its position in Unisys by 13.0% during the fourth quarter. Hsbc Holdings PLC now owns 34,241 shares of the information technology services provider's stock worth $218,000 after buying an additional 3,937 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Unisys by 29.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,737 shares of the information technology services provider's stock worth $252,000 after buying an additional 8,998 shares in the last quarter. Northern Trust Corp grew its position in Unisys by 2.8% during the fourth quarter. Northern Trust Corp now owns 577,941 shares of the information technology services provider's stock worth $3,658,000 after buying an additional 15,476 shares in the last quarter. Finally, AXA S.A. acquired a new stake in Unisys during the fourth quarter worth about $709,000. 86.87% of the stock is owned by institutional investors and hedge funds.

Unisys Stock Performance

NYSE UIS traded down $0.07 during trading on Wednesday, reaching $3.86. 360,097 shares of the company traded hands, compared to its average volume of 643,528. Unisys Corporation has a 1-year low of $3.56 and a 1-year high of $8.93. The stock's 50 day moving average price is $4.07 and its two-hundred day moving average price is $4.30. The company has a market cap of $274.82 million, a price-to-earnings ratio of -3.27, a P/E/G ratio of 0.55 and a beta of 1.35.

Unisys (NYSE:UIS - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $444.65 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. Unisys has set its FY 2025 guidance at EPS. Equities research analysts expect that Unisys Corporation will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on UIS. Wall Street Zen downgraded Unisys from a "buy" rating to a "hold" rating in a research report on Sunday. Needham & Company LLC started coverage on Unisys in a report on Wednesday, September 3rd. They set a "buy" rating and a $6.00 price objective on the stock. Finally, Maxim Group raised Unisys from a "hold" rating to a "buy" rating and set a $9.00 price objective on the stock in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $7.17.

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.