Unisys Corporation $UIS Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Unisys Corporation by 18.8%, owning 864,903 shares worth approximately $3.97 million after selling 200,819 shares in the first quarter.
• Unisys Corporation reported a quarterly EPS of $0.19, exceeding analysts' expectations by $0.53, while revenue for the quarter was $483.3 million, outperforming estimates of $444.65 million.
• Wall Street analysts have varied ratings for Unisys, with Maxim Group upgrading it to a "buy" with a $9.00 target price, while the average target price among analysts stands at $7.75.

Charles Schwab Investment Management Inc. cut its holdings in Unisys Corporation (NYSE:UIS - Free Report) by 18.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 864,903 shares of the information technology services provider's stock after selling 200,819 shares during the period. Charles Schwab Investment Management Inc. owned 1.22% of Unisys worth $3,970,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its holdings in Unisys by 13.0% in the fourth quarter. Hsbc Holdings PLC now owns 34,241 shares of the information technology services provider's stock valued at $218,000 after acquiring an additional 3,937 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Unisys by 14.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 32,254 shares of the information technology services provider's stock valued at $204,000 after purchasing an additional 4,143 shares during the period. Wells Fargo & Company MN raised its position in Unisys by 9.4% in the fourth quarter. Wells Fargo & Company MN now owns 58,139 shares of the information technology services provider's stock valued at $368,000 after purchasing an additional 5,019 shares during the period. Virtus Fund Advisers LLC purchased a new stake in Unisys in the fourth quarter valued at approximately $35,000. Finally, ProShare Advisors LLC raised its position in Unisys by 48.9% in the fourth quarter. ProShare Advisors LLC now owns 18,531 shares of the information technology services provider's stock valued at $117,000 after purchasing an additional 6,089 shares during the period. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Unisys Stock Performance

Shares of Unisys stock traded up $0.02 during trading hours on Wednesday, reaching $3.84. 1,045,877 shares of the company were exchanged, compared to its average volume of 850,675. Unisys Corporation has a 1 year low of $3.56 and a 1 year high of $8.93. The stock's fifty day moving average is $4.12 and its 200 day moving average is $4.36. The firm has a market cap of $273.40 million, a PE ratio of -3.25, a PEG ratio of 0.53 and a beta of 1.35.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share 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 business had revenue of $483.30 million for the quarter, compared to analyst estimates of $444.65 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. Unisys has set its FY 2025 guidance at EPS. Research analysts expect that Unisys Corporation will post 0.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Needham & Company LLC assumed coverage on Unisys in a research report on Wednesday. They issued a "buy" rating and a $6.00 target price on the stock. Wall Street Zen raised Unisys from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Maxim Group raised Unisys from a "hold" rating to a "buy" rating and set a $9.00 target price on the stock in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Unisys currently has an average rating of "Moderate Buy" and an average target price of $7.17.

Unisys Profile

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.