Jacobs Levy Equity Management Inc. Purchases 95,448 Shares of Unisys Corporation $UIS

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Unisys Corporation by 14.1%, obtaining a total of 774,567 shares valued at approximately $3.55 million.
• Institutional investors own 86.87% of Unisys's stock, indicating significant interest from large financial entities.
• Unisys reported $0.19 EPS in its latest earnings, surpassing analyst expectations of (-$0.34) EPS, with quarterly revenue of $483.30 million.

Jacobs Levy Equity Management Inc. grew its stake in shares of Unisys Corporation (NYSE:UIS - Free Report) by 14.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 774,567 shares of the information technology services provider's stock after acquiring an additional 95,448 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.09% of Unisys worth $3,555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Virtus Fund Advisers LLC purchased a new stake in shares of Unisys during the fourth quarter valued at $35,000. AlphaQuest LLC boosted its position in Unisys by 56.9% in the first quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider's stock worth $45,000 after purchasing an additional 3,523 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in Unisys in the first quarter worth about $49,000. Grant GrossMendelsohn LLC purchased a new position in Unisys in the first quarter worth about $60,000. Finally, Virtu Financial LLC boosted its position in Unisys by 18.6% in the first quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider's stock worth $65,000 after purchasing an additional 2,230 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on UIS shares. Wall Street Zen cut Unisys from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Needham & Company LLC began coverage on Unisys in a research note on Wednesday, September 3rd. They issued a "buy" rating and a $6.00 price objective on the stock. Finally, Maxim Group raised Unisys from a "hold" rating to a "buy" rating and set a $9.00 price objective on the stock in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $7.17.

Unisys Trading Down 2.9%

UIS traded down $0.12 on Friday, hitting $3.96. 380,877 shares of the company's stock traded hands, compared to its average volume of 717,699. The company's 50 day simple moving average is $4.04 and its 200-day simple moving average is $4.29. The firm has a market cap of $282.31 million, a price-to-earnings ratio of -3.36, a P/E/G ratio of 0.56 and a beta of 1.35. Unisys Corporation has a one year low of $3.56 and a one year high of $8.93.

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