Whetstone Capital Advisors LLC Buys New Stake in Unisys Corporation $UIS

Key Points

• Whetstone Capital Advisors LLC purchased 617,959 shares of Unisys Corporation, amounting to approximately $2.84 million, making it the fund's 20th largest position.
• Unisys reported better-than-expected earnings with a quarterly EPS of $0.19, surpassing estimates by $0.53, alongside revenue of $483.30 million.
• Analyst ratings for Unisys vary, with one firm upgrading the stock from "hold" to "buy" while another downgraded it to "hold," indicating mixed sentiment among evaluators.

Whetstone Capital Advisors LLC bought a new stake in Unisys Corporation (NYSE:UIS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 617,959 shares of the information technology services provider's stock, valued at approximately $2,836,000. Unisys accounts for about 1.3% of Whetstone Capital Advisors LLC's portfolio, making the stock its 20th largest position. Whetstone Capital Advisors LLC owned 0.87% of Unisys as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC grew its position in shares of Unisys by 18.6% during the 1st quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider's stock valued at $65,000 after acquiring an additional 2,230 shares during the period. HighTower Advisors LLC grew its position in shares of Unisys by 22.5% during the 1st quarter. HighTower Advisors LLC now owns 14,400 shares of the information technology services provider's stock valued at $66,000 after acquiring an additional 2,643 shares during the period. Hsbc Holdings PLC grew its position in shares of Unisys by 13.0% during the 4th quarter. Hsbc Holdings PLC now owns 34,241 shares of the information technology services provider's stock valued at $218,000 after acquiring an additional 3,937 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Unisys by 14.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 32,254 shares of the information technology services provider's stock valued at $204,000 after acquiring an additional 4,143 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Unisys by 9.4% during the 4th quarter. Wells Fargo & Company MN now owns 58,139 shares of the information technology services provider's stock valued at $368,000 after acquiring an additional 5,019 shares during the period. 86.87% of the stock is owned by institutional investors and hedge funds.

Unisys Stock Down 4.8%

Shares of Unisys stock traded down $0.2030 on Monday, hitting $3.9870. 1,093,310 shares of the company were exchanged, compared to its average volume of 637,509. The stock has a market capitalization of $284.23 million, a price-to-earnings ratio of -3.38, a price-to-earnings-growth ratio of 0.57 and a beta of 1.31. The company has a 50-day moving average price of $4.19 and a 200 day moving average price of $4.49. Unisys Corporation has a 1-year low of $3.56 and a 1-year high of $8.93.

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 for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $444.65 million. During the same period in the previous year, the firm posted $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. Research analysts forecast that Unisys Corporation will post 0.61 EPS for the current year.

Wall Street Analyst Weigh In

UIS has been the topic of a number of analyst reports. Maxim Group upgraded Unisys from a "hold" rating to a "buy" rating and set a $9.00 target price on the stock in a research report on Monday, August 4th. Wall Street Zen cut Unisys from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Unisys presently has an average rating of "Moderate Buy" and an average price target of $7.75.

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.