Needham Investment Management LLC Raises Stock Position in Unisys Corporation $UIS

Key Points

• Needham Investment Management LLC increased its stake in Unisys Corporation to 5,559,800 shares, accounting for 2.4% of its total holdings.
• Unisys reported earnings of $0.19 EPS, beating estimates of ($0.34), and generated revenue of $483.30 million for the quarter.
• The stock has recently received multiple upgrades from analysts, with a "buy" rating and a consensus price target of $7.17.

Needham Investment Management LLC boosted its holdings in shares of Unisys Corporation (NYSE:UIS - Free Report) by 4.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,559,800 shares of the information technology services provider's stock after acquiring an additional 224,800 shares during the period. Unisys accounts for 2.4% of Needham Investment Management LLC's portfolio, making the stock its 7th largest position. Needham Investment Management LLC owned 7.82% of Unisys worth $25,519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Unisys by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 7,287,403 shares of the information technology services provider's stock valued at $33,449,000 after buying an additional 190,939 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of Unisys by 1.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,668,269 shares of the information technology services provider's stock valued at $10,560,000 after buying an additional 28,418 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of 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 during the period. Newport Trust Company LLC grew its holdings in shares of Unisys by 7.0% in the 1st quarter. Newport Trust Company LLC now owns 1,253,724 shares of the information technology services provider's stock valued at $5,755,000 after buying an additional 81,913 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Unisys by 232.5% in the 1st quarter. AQR Capital Management LLC now owns 1,227,724 shares of the information technology services provider's stock valued at $5,635,000 after buying an additional 858,516 shares during the period. 86.87% of the stock is owned by institutional investors.

Unisys Stock Down 1.4%

UIS traded down $0.06 during trading on Wednesday, hitting $3.87. The company had a trading volume of 574,568 shares, compared to its average volume of 644,895. The company has a market capitalization of $275.54 million, a PE ratio of -3.28, a PEG ratio of 0.55 and a beta of 1.35. Unisys Corporation has a one year low of $3.56 and a one year high of $8.93. The firm's 50-day moving average price is $4.07 and its 200 day moving average price is $4.30.

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

Analyst Ratings Changes

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

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.