Unisys Corporation $UIS Shares Purchased by AlphaQuest LLC

AlphaQuest LLC increased its holdings in Unisys Corporation (NYSE:UIS) by 56.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,716 shares of the information technology services provider’s stock after acquiring an additional 3,523 shares during the quarter. AlphaQuest LLC’s holdings in Unisys were worth $45,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new position in Unisys in the 4th quarter valued at about $35,000. Pallas Capital Advisors LLC purchased a new position in shares of Unisys during the 1st quarter valued at approximately $49,000. Grant GrossMendelsohn LLC acquired a new stake in shares of Unisys during the 1st quarter valued at approximately $60,000. Virtu Financial LLC raised 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 in the last quarter. Finally, HighTower Advisors LLC increased its position in Unisys by 22.5% in the first quarter. HighTower Advisors LLC now owns 14,400 shares of the information technology services provider’s stock worth $66,000 after buying an additional 2,643 shares during the period. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UIS has been the topic of several analyst reports. Wall Street Zen raised Unisys from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Needham & Company LLC started coverage on Unisys in a research note on Wednesday. They issued a “buy” rating and a $6.00 price objective for the company. Finally, Maxim Group raised Unisys from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Unisys presently has an average rating of “Moderate Buy” and an average target price of $7.17.

Unisys Price Performance

Shares of Unisys stock opened at $3.81 on Friday. Unisys Corporation has a 1 year low of $3.56 and a 1 year high of $8.93. The business has a 50-day moving average of $4.11 and a two-hundred day moving average of $4.34. The company has a market capitalization of $271.26 million, a P/E ratio of -3.22, a price-to-earnings-growth ratio of 0.52 and a beta of 1.35.

Unisys (NYSE:UIS) last posted its quarterly earnings data on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $444.65 million. During the same period last year, the company earned $0.16 earnings per share. Unisys has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Unisys Corporation will post 0.61 EPS for the current fiscal 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.