MetLife Investment Management LLC Has $105,000 Position in Unisys Corporation $UIS

MetLife Investment Management LLC reduced its stake in Unisys Corporation (NYSE:UIS) by 41.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,892 shares of the information technology services provider’s stock after selling 16,178 shares during the period. MetLife Investment Management LLC’s holdings in Unisys were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Virtus Fund Advisers LLC acquired a new position in Unisys in the 4th quarter valued at approximately $35,000. AlphaQuest LLC increased its holdings in Unisys by 56.9% in the first quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 3,523 shares during the period. Pallas Capital Advisors LLC bought a new position in Unisys during the 1st quarter worth $49,000. Grant GrossMendelsohn LLC acquired a new position in Unisys during the 1st quarter worth about $60,000. Finally, Virtu Financial LLC grew its position in shares of Unisys by 18.6% in the 1st quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider’s stock valued at $65,000 after buying an additional 2,230 shares during the last quarter. 86.87% of the stock is owned by institutional investors.

Unisys Stock Down 1.4%

Unisys stock opened at $3.87 on Thursday. Unisys Corporation has a 12-month low of $3.56 and a 12-month high of $8.93. The firm’s fifty day moving average is $4.06 and its 200 day moving average is $4.29. The company has a market capitalization of $275.54 million, a PE ratio of -3.28, a PEG ratio of 0.53 and a beta of 1.35.

Unisys (NYSE:UIS) last released its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. Unisys had a negative net margin of 4.16% and a negative return on equity of 12.55%. The company had revenue of $483.30 million for the quarter, compared to the consensus estimate of $444.65 million. During the same quarter in the previous year, the company earned $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. Sell-side analysts expect that Unisys Corporation will post 0.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UIS. 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. Needham & Company LLC began coverage on shares of Unisys in a research report on Wednesday, September 3rd. They set a “buy” rating and a $6.00 target price for the company. Finally, Wall Street Zen downgraded shares of Unisys from a “buy” rating to a “hold” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Unisys presently has an average rating of “Moderate Buy” and a consensus target price 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.