XTX Topco Ltd Grows Stake in Unisys Corporation (NYSE:UIS)

Key Points

• XTX Topco Ltd increased its stake in Unisys Corporation by 67.6% in Q1, owning 157,687 shares valued at $724,000 according to a recent SEC filing.
• Several institutional investors, including Vanguard Group Inc. and Dimensional Fund Advisors LP, raised their holdings in Unisys during the fourth quarter, indicating strong institutional interest with 86.87% of stock owned by institutional investors.
• Maxim Group upgraded Unisys from a "hold" to a "buy" rating with a target price of $9.00, reflecting positive sentiment among analysts as the company reported better-than-expected quarterly earnings.

XTX Topco Ltd boosted its stake in shares of Unisys Corporation (NYSE:UIS - Free Report) by 67.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,687 shares of the information technology services provider's stock after purchasing an additional 63,610 shares during the quarter. XTX Topco Ltd owned about 0.22% of Unisys worth $724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC acquired a new stake in Unisys in the fourth quarter valued at approximately $35,000. Quarry LP raised its holdings in shares of Unisys by 985.8% in the fourth quarter. Quarry LP now owns 8,556 shares of the information technology services provider's stock worth $54,000 after buying an additional 7,768 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Unisys during the first quarter worth $49,000. Boothbay Fund Management LLC acquired a new stake in shares of Unisys during the fourth quarter worth $68,000. Finally, Grant GrossMendelsohn LLC acquired a new stake in shares of Unisys during the first quarter worth $60,000. Institutional investors own 86.87% of the company's stock.

Unisys Stock Performance

Shares of Unisys stock traded down $0.08 during trading on Friday, hitting $3.88. 580,978 shares of the company's stock were exchanged, compared to its average volume of 615,312. The business has a 50-day simple moving average of $4.36 and a 200-day simple moving average of $4.74. Unisys Corporation has a 52-week low of $3.56 and a 52-week high of $8.93. The stock has a market capitalization of $276.26 million, a price-to-earnings ratio of -3.28, a PEG ratio of 0.54 and a beta of 1.31.

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, topping 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 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 company posted $0.16 earnings per share. On average, equities analysts anticipate that Unisys Corporation will post 0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UIS shares. Maxim Group upgraded shares of Unisys from a "hold" rating to a "buy" rating and set a $9.00 price objective for the company in a research note on Monday. Wall Street Zen upgraded shares of Unisys from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd.

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.