Unisys Corporation $UIS Shares Purchased by Vanguard Group Inc.

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. boosted its stake in shares of Unisys Corporation (NYSE:UIS - Free Report) by 2.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 7,287,403 shares of the information technology services provider's stock after acquiring an additional 190,939 shares during the period. Vanguard Group Inc. owned about 10.25% of Unisys worth $33,449,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in Unisys by 41,382.9% during the first quarter. US Bancorp DE now owns 17,008 shares of the information technology services provider's stock worth $78,000 after acquiring an additional 16,967 shares during the period. XTX Topco Ltd grew its holdings in shares of Unisys by 67.6% during the first quarter. XTX Topco Ltd now owns 157,687 shares of the information technology services provider's stock worth $724,000 after buying an additional 63,610 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Unisys during the first quarter worth $239,000. Mackenzie Financial Corp grew its holdings in shares of Unisys by 62.7% during the first quarter. Mackenzie Financial Corp now owns 171,885 shares of the information technology services provider's stock worth $789,000 after buying an additional 66,257 shares in the last quarter. Finally, Royce & Associates LP purchased a new stake in shares of Unisys during the first quarter worth $106,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UIS has been the topic of a number of analyst reports. Wall Street Zen raised shares of Unisys from a "hold" rating to a "buy" rating in a research note on Saturday. Maxim Group raised shares of Unisys from a "hold" rating to a "buy" rating and set a $9.00 target price on the stock in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Unisys currently has an average rating of "Moderate Buy" and an average target price of $7.75.

Unisys Stock Performance

Shares of UIS traded down $0.03 during mid-day trading on Monday, hitting $3.90. 781,591 shares of the company's stock were exchanged, compared to its average volume of 905,218. The company has a market cap of $277.67 million, a price-to-earnings ratio of -3.30, a P/E/G ratio of 0.53 and a beta of 1.35. Unisys Corporation has a fifty-two week low of $3.56 and a fifty-two week high of $8.93. The stock's 50-day moving average is $4.16 and its 200-day moving average is $4.39.

Unisys (NYSE:UIS - Get Free Report) last issued its quarterly 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. The business had revenue of $483.30 million for the quarter, compared to analysts' expectations 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 prior year, the company earned $0.16 earnings per share. Unisys has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Unisys Corporation will post 0.61 EPS for the current year.

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.