Vanguard Group Inc. Increases Stock Holdings in Unisys Corporation $UIS

Key Points

• Vanguard Group Inc. increased its stake in Unisys Corporation by 2.7%, now holding over 7.28 million shares valued at approximately $33.4 million.
• Unisys reported earnings of $0.19 per share, significantly beating expectations, while analysts forecast a full-year EPS of 0.61.
• Investment analysts have varied opinions on Unisys, with one upgrading the stock to "buy" with a target price of $9.00 and another downgrading it to "hold".

Vanguard Group Inc. increased its stake in shares of Unisys Corporation (NYSE:UIS - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,287,403 shares of the information technology services provider's stock after purchasing an additional 190,939 shares during the quarter. Vanguard Group Inc. owned 10.25% of Unisys worth $33,449,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of UIS. Cubist Systematic Strategies LLC lifted its holdings in shares of Unisys by 680.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 252,803 shares of the information technology services provider's stock worth $1,600,000 after purchasing an additional 220,404 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Unisys during the fourth quarter worth $1,260,000. Two Sigma Investments LP raised its position in Unisys by 23.0% in the fourth quarter. Two Sigma Investments LP now owns 632,324 shares of the information technology services provider's stock worth $4,003,000 after acquiring an additional 118,255 shares in the last quarter. AXA S.A. purchased a new position in Unisys in the fourth quarter worth $709,000. Finally, Dimensional Fund Advisors LP raised its position in Unisys by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,259,543 shares of the information technology services provider's stock worth $7,974,000 after acquiring an additional 88,506 shares in the last quarter. 86.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on UIS shares. 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. Wall Street Zen upgraded Unisys from a "hold" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $7.75.

Unisys Trading Down 1.9%

Shares of UIS stock traded down $0.08 during mid-day trading on Tuesday, reaching $3.84. The stock had a trading volume of 959,358 shares, compared to its average volume of 850,675. Unisys Corporation has a 12-month low of $3.56 and a 12-month high of $8.93. The company has a market cap of $273.41 million, a P/E ratio of -3.25, a price-to-earnings-growth ratio of 0.53 and a beta of 1.35. The business has a 50-day simple moving average of $4.14 and a 200 day simple moving average of $4.36.

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

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.