Anchor Capital Management Company LLC Sells 77,001 Shares of Unisys Corporation $UIS

Key Points

• Anchor Capital Management Company LLC reduced its holdings in Unisys Corporation by 5.9% in the first quarter, making it the firm's 8th largest position.
• Unisys received upgrades from analysts, with Maxim Group and Wall Street Zen raising their ratings to "buy" and setting target prices around $7.75 to $9.00.
• Despite a 1.9% decline in stock value, Unisys reported earnings of $0.19 per share, surpassing analysts' expectations significantly.

Anchor Capital Management Company LLC lessened its stake in shares of Unisys Corporation (NYSE:UIS - Free Report) by 5.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,238,065 shares of the information technology services provider's stock after selling 77,001 shares during the quarter. Unisys comprises about 5.7% of Anchor Capital Management Company LLC's investment portfolio, making the stock its 8th biggest holding. Anchor Capital Management Company LLC owned 1.74% of Unisys worth $5,683,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC increased its holdings in shares of Unisys by 232.5% in the first 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 in the last quarter. Whetstone Capital Advisors LLC acquired a new position in shares of Unisys in the 1st quarter worth $2,836,000. Cubist Systematic Strategies LLC grew its holdings in shares of Unisys by 680.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 252,803 shares of the information technology services provider's stock worth $1,600,000 after acquiring an additional 220,404 shares during the last quarter. 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 worth $33,449,000 after acquiring an additional 190,939 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Unisys in the 1st quarter worth $780,000. Institutional investors and hedge funds own 86.87% of the company's stock.

Unisys Price Performance

Shares of UIS stock traded up $0.06 on Friday, hitting $3.88. The company's stock had a trading volume of 445,127 shares, compared to its average volume of 836,893. Unisys Corporation has a fifty-two week low of $3.56 and a fifty-two week high of $8.93. The firm's fifty day moving average price is $4.10 and its 200-day moving average price is $4.31. The stock has a market capitalization of $276.25 million, a price-to-earnings ratio of -3.28, a P/E/G ratio of 0.53 and a beta of 1.35.

Unisys (NYSE:UIS - Get Free Report) last released its quarterly earnings data 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 business had revenue of $483.30 million during the quarter, compared to analyst estimates of $444.65 million. Unisys had a negative net margin of 4.16% and a negative return on equity of 12.55%. During the same quarter in the previous year, the business earned $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. Analysts predict that Unisys Corporation will post 0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.