Invesco Ltd. Lowers Stock Holdings in Unisys Corporation $UIS

Invesco Ltd. lessened its holdings in Unisys Corporation (NYSE:UIS - Free Report) by 19.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 294,559 shares of the information technology services provider's stock after selling 69,571 shares during the quarter. Invesco Ltd. owned 0.41% of Unisys worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC raised its position in Unisys by 680.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 252,803 shares of the information technology services provider's stock worth $1,600,000 after acquiring an additional 220,404 shares during the period. Vanguard Group Inc. raised its position in shares of Unisys by 2.7% in the first quarter. Vanguard Group Inc. now owns 7,287,403 shares of the information technology services provider's stock valued at $33,449,000 after purchasing an additional 190,939 shares during the period. Two Sigma Investments LP lifted its stake in shares of Unisys by 23.0% during the 4th quarter. Two Sigma Investments LP now owns 632,324 shares of the information technology services provider's stock valued at $4,003,000 after buying an additional 118,255 shares in the last quarter. AXA S.A. bought a new position in Unisys in the 4th quarter worth approximately $709,000. Finally, Dimensional Fund Advisors LP grew its stake in Unisys by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,259,543 shares of the information technology services provider's stock valued at $7,974,000 after buying an additional 88,506 shares in the last quarter. 86.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on UIS. Wall Street Zen upgraded Unisys from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. 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. Finally, Needham & Company LLC assumed coverage on Unisys in a research note on Wednesday. They issued a "buy" rating and a $6.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.17.

Unisys Stock Down 0.7%

Shares of UIS stock traded down $0.03 on Thursday, reaching $3.81. The company's stock had a trading volume of 546,300 shares, compared to its average volume of 645,638. The company has a market capitalization of $271.26 million, a P/E ratio of -3.22, a PEG ratio of 0.53 and a beta of 1.35. Unisys Corporation has a 12-month low of $3.56 and a 12-month high of $8.93. The stock's 50 day simple moving average is $4.12 and its 200-day simple moving average is $4.36.

Unisys (NYSE:UIS - Get Free Report) last posted its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $444.65 million. During the same period in the previous year, the business 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 EPS for the current year.

Unisys Company 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.