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

Several other large investors have also bought and sold shares of the company. Virtu Financial LLC boosted its stake in Unisys by 18.6% during the first quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider's stock valued at $65,000 after buying an additional 2,230 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Unisys by 13.0% during the fourth quarter. Hsbc Holdings PLC now owns 34,241 shares of the information technology services provider's stock valued at $218,000 after buying an additional 3,937 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Unisys by 14.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 32,254 shares of the information technology services provider's stock valued at $204,000 after buying an additional 4,143 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Unisys by 9.4% during the fourth quarter. Wells Fargo & Company MN now owns 58,139 shares of the information technology services provider's stock valued at $368,000 after buying an additional 5,019 shares in the last quarter. Finally, Virtus Fund Advisers LLC bought a new position in Unisys during the fourth quarter valued at about $35,000. Institutional investors own 86.87% of the company's stock.

Unisys Trading Down 1.9%

Shares of NYSE UIS opened at $3.84 on Wednesday. Unisys Corporation has a one year low of $3.56 and a one year high of $8.93. The firm has a market capitalization of $273.41 million, a PE ratio of -3.25, a PEG ratio of 0.53 and a beta of 1.35. The business has a 50-day moving average price of $4.14 and a two-hundred day moving average price of $4.36.

Unisys (NYSE:UIS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share 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 during the quarter, compared to the consensus estimate of $444.65 million. During the same period last year, the business earned $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. Research analysts anticipate that Unisys Corporation will post 0.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wall Street Zen raised Unisys from a "hold" rating to a "buy" rating in a research note on Saturday. Maxim Group raised Unisys from a "hold" rating to a "buy" rating and set a $9.00 target price for the company in a research note on Monday, August 4th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.75.

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.

Want to see what other hedge funds are holding UIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unisys Corporation (NYSE:UIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.