Acadian Asset Management LLC Has $8.34 Million Stake in Unisys Corporation $UIS

Key Points

• Acadian Asset Management LLC increased its stake in Unisys Corporation by 15.7% in Q1, now owning 1,817,608 shares valued at approximately $8.34 million.
• Unisys reported a Q2 EPS of $0.19, surpassing analysts' estimate of ($0.34), with revenue of $483.3 million compared to an expected $444.65 million.
• Analysts have varying opinions on the stock, with a consensus price target of $7.17 and ratings ranging from "buy" to "hold" following recent adjustments from firms like Needham & Company and Wall Street Zen.

Acadian Asset Management LLC raised its holdings in Unisys Corporation (NYSE:UIS - Free Report) by 15.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,817,608 shares of the information technology services provider's stock after buying an additional 246,660 shares during the quarter. Acadian Asset Management LLC owned 2.56% of Unisys worth $8,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC acquired a new stake in Unisys in the 4th quarter valued at approximately $35,000. AlphaQuest LLC grew its holdings in Unisys by 56.9% in the 1st quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider's stock valued at $45,000 after buying an additional 3,523 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in Unisys in the 1st quarter valued at approximately $49,000. Grant GrossMendelsohn LLC acquired a new stake in Unisys in the 1st quarter valued at approximately $60,000. Finally, Virtu Financial LLC grew its holdings in Unisys by 18.6% in the 1st quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider's stock valued at $65,000 after buying an additional 2,230 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company's stock.

Unisys Trading Down 2.9%

Shares of UIS stock opened at $3.96 on Friday. The stock has a 50 day moving average of $4.04 and a two-hundred day moving average of $4.29. Unisys Corporation has a 12 month low of $3.56 and a 12 month high of $8.93. The company has a market capitalization of $282.31 million, a P/E ratio of -3.36, a P/E/G ratio of 0.56 and a beta of 1.35.

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

Analysts Set New Price Targets

A number of analysts have issued reports on UIS shares. Needham & Company LLC started coverage on Unisys in a report on Wednesday, September 3rd. They issued a "buy" rating and a $6.00 target price on the stock. Wall Street Zen downgraded Unisys from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Finally, Maxim Group upgraded Unisys from a "hold" rating to a "buy" rating and set a $9.00 price objective for the company in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock 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.

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