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. lowered its position in Unisys Corporation (NYSE:UIS - Free Report) by 18.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 864,903 shares of the information technology services provider's stock after selling 200,819 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.22% of Unisys worth $3,970,000 as of its most recent filing with the Securities and Exchange Commission.

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 position in Unisys in the fourth quarter valued at $35,000. Quarry LP boosted its holdings in Unisys by 985.8% in the fourth quarter. Quarry LP now owns 8,556 shares of the information technology services provider's stock valued at $54,000 after acquiring an additional 7,768 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in Unisys in the first quarter valued at $49,000. Boothbay Fund Management LLC acquired a new position in Unisys in the fourth quarter valued at $68,000. Finally, Grant GrossMendelsohn LLC acquired a new position in Unisys in the first quarter valued at $60,000. Institutional investors and hedge funds own 86.87% of the company's stock.

Unisys Trading Down 0.6%

Shares of UIS traded down $0.03 during midday trading on Monday, reaching $3.90. 781,591 shares of the company were exchanged, compared to its average volume of 905,218. The stock has a 50-day moving average price of $4.16 and a 200-day moving average price of $4.39. The company has a market cap of $277.67 million, a price-to-earnings ratio of -3.30, a P/E/G ratio of 0.53 and a beta of 1.35. Unisys Corporation has a 1-year low of $3.56 and a 1-year high of $8.93.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UIS shares. Maxim Group upgraded Unisys from a "hold" rating to a "buy" rating and set a $9.00 target price on the stock in a report on Monday, August 4th. Wall Street Zen upgraded Unisys from a "hold" rating to a "buy" rating in a report on Saturday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Unisys currently has an average rating of "Moderate Buy" and a consensus price target of $7.75.

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.