Nuveen LLC Acquires Shares of 169,934 Unisys Corporation $UIS

Key Points

• Nuveen LLC has purchased a new stake in Unisys Corporation, acquiring 169,934 shares valued at approximately $780,000.
• Unisys reported earnings of $0.19 per share, exceeding analysts' expectations of a loss, while generating $483.30 million in revenue for the quarter.
• Wall Street analysts have upgraded Unisys from "hold" to "buy," with a consensus target price of $7.75 per share.

Nuveen LLC acquired a new position in shares of Unisys Corporation (NYSE:UIS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 169,934 shares of the information technology services provider's stock, valued at approximately $780,000. Nuveen LLC owned about 0.24% of Unisys at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Virtus Fund Advisers LLC bought a new position in shares of Unisys during the fourth quarter worth about $35,000. Pallas Capital Advisors LLC bought a new position in shares of Unisys during the first quarter worth about $49,000. Grant GrossMendelsohn LLC bought a new position in shares of Unisys during the first quarter worth about $60,000. Virtu Financial LLC raised its position in shares of Unisys by 18.6% during the first quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider's stock worth $65,000 after acquiring an additional 2,230 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Unisys during the fourth quarter worth about $91,000. 86.87% of the stock is currently owned by institutional investors.

Unisys Trading Up 1.4%

UIS stock traded up $0.06 during mid-day trading on Friday, reaching $3.88. The company's stock had a trading volume of 445,127 shares, compared to its average volume of 798,436. The company has a market cap of $276.25 million, a price-to-earnings ratio of -3.28, a price-to-earnings-growth ratio of 0.53 and a beta of 1.35. The business's 50 day moving average price is $4.10 and its 200 day moving average price is $4.30. Unisys Corporation has a 12 month low of $3.56 and a 12 month high of $8.93.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Unisys from a "buy" rating to a "hold" rating in a research report on Sunday. Maxim Group upgraded Unisys from a "hold" rating to a "buy" rating and set a $9.00 price objective for the company in a research report on Monday, August 4th. Finally, Needham & Company LLC started coverage on Unisys in a report on Wednesday. They issued a "buy" rating and a $6.00 target price for the company. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.