119,400 Shares in Unisys Corporation $UIS Purchased by Strs Ohio

Strs Ohio purchased a new position in shares of Unisys Corporation (NYSE:UIS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 119,400 shares of the information technology services provider’s stock, valued at approximately $548,000. Strs Ohio owned 0.17% of Unisys as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Unisys by 2.7% during the first quarter. Vanguard Group Inc. now owns 7,287,403 shares of the information technology services provider’s stock worth $33,449,000 after buying an additional 190,939 shares in the last quarter. Needham Investment Management LLC grew its stake in Unisys by 4.2% during the first quarter. Needham Investment Management LLC now owns 5,559,800 shares of the information technology services provider’s stock worth $25,519,000 after buying an additional 224,800 shares in the last quarter. Acadian Asset Management LLC grew its stake in Unisys by 15.7% during the first quarter. Acadian Asset Management LLC now owns 1,817,608 shares of the information technology services provider’s stock worth $8,337,000 after buying an additional 246,660 shares in the last quarter. Newport Trust Company LLC grew its stake in Unisys by 7.0% during the first quarter. Newport Trust Company LLC now owns 1,253,724 shares of the information technology services provider’s stock worth $5,755,000 after buying an additional 81,913 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Unisys by 232.5% during the first quarter. AQR Capital Management LLC now owns 1,227,724 shares of the information technology services provider’s stock worth $5,635,000 after buying an additional 858,516 shares in the last quarter. 86.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UIS shares. Maxim Group upgraded shares of Unisys from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Monday, August 4th. Needham & Company LLC began coverage on shares of Unisys in a research note on Wednesday, September 3rd. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Unisys from a “hold” rating to a “buy” rating in a report on Saturday. Two research 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.17.

Unisys Stock Performance

Shares of NYSE:UIS opened at $4.03 on Friday. The company’s 50-day moving average is $4.01 and its 200 day moving average is $4.28. The company has a market capitalization of $287.31 million, a P/E ratio of -3.42, a price-to-earnings-growth ratio of 0.55 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.

Unisys (NYSE:UIS) last announced its quarterly earnings data 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 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 business posted $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. As a group, research analysts predict that Unisys Corporation will post 0.61 earnings per share 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.