Unisys Corporation $UIS Shares Bought by Acadian Asset Management LLC

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 lifted its holdings in shares of Unisys Corporation (NYSE:UIS - Free Report) by 15.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,817,608 shares of the information technology services provider's stock after acquiring an additional 246,660 shares during the period. Acadian Asset Management LLC owned 2.56% of Unisys worth $8,337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtus Fund Advisers LLC purchased a new position in Unisys in the 4th quarter valued at $35,000. AlphaQuest LLC grew its position 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 purchased a new position in Unisys in the 1st quarter valued at $49,000. Grant GrossMendelsohn LLC purchased a new position in Unisys in the 1st quarter valued at $60,000. Finally, Virtu Financial LLC grew its position 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. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UIS has been the topic of a number of analyst reports. Maxim Group upgraded shares of Unisys from a "hold" rating to a "buy" rating and set a $9.00 price objective on the stock in a research report on Monday, August 4th. Wall Street Zen lowered shares of Unisys from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Finally, Needham & Company LLC initiated coverage on shares of Unisys in a research report on Wednesday, September 3rd. They set a "buy" rating and a $6.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Unisys currently has an average rating of "Moderate Buy" and a consensus target price of $7.17.

Unisys Stock Performance

UIS stock traded up $0.11 during trading on Thursday, hitting $4.10. The stock had a trading volume of 205,288 shares, compared to its average volume of 638,709. The company's 50 day moving average price is $4.02 and its two-hundred day moving average price is $4.28. Unisys Corporation has a 1-year low of $3.56 and a 1-year high of $8.93. The stock has a market cap of $291.94 million, a price-to-earnings ratio of -3.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.35.

Unisys (NYSE:UIS - Get Free Report) last announced its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $483.30 million during the quarter, compared to the consensus estimate of $444.65 million. During the same quarter in the previous year, the company posted $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Unisys Corporation will post 0.61 earnings per share for the current fiscal 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.