64,657 Shares in Unisys Corporation $UIS Acquired by Ieq Capital LLC

Ieq Capital LLC bought a new position in Unisys Corporation (NYSE:UIS) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 64,657 shares of the information technology services provider’s stock, valued at approximately $297,000.

Several other hedge funds have also modified their holdings of the stock. Virtu Financial LLC boosted its position in shares of Unisys by 18.6% in the first quarter. Virtu Financial LLC now owns 14,226 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 2,230 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of 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 acquiring an additional 2,643 shares during the last quarter. AlphaQuest LLC boosted its position in shares of Unisys by 56.9% in the first quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider’s stock worth $45,000 after acquiring an additional 3,523 shares during the last quarter. Hsbc Holdings PLC lifted its position in Unisys by 13.0% during the fourth quarter. Hsbc Holdings PLC now owns 34,241 shares of the information technology services provider’s stock valued at $218,000 after buying an additional 3,937 shares in the last quarter. Finally, Virtus Fund Advisers LLC acquired a new position in Unisys during the fourth quarter valued at approximately $35,000. 86.87% of the stock is owned by institutional investors and hedge funds.

Unisys Trading Up 1.4%

NYSE UIS opened at $3.88 on Friday. The company’s fifty day simple moving average is $4.10 and its 200-day simple moving average is $4.32. Unisys Corporation has a 52 week low of $3.56 and a 52 week high of $8.93. The stock has a market cap of $276.26 million, a P/E ratio of -3.28, a PEG ratio of 0.52 and a beta of 1.35.

Unisys (NYSE:UIS) last posted its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 EPS for the quarter, topping 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 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 company posted $0.16 earnings per share. Unisys has set its FY 2025 guidance at EPS. On average, research analysts expect that Unisys Corporation will post 0.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on UIS. Maxim Group raised shares of Unisys from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Monday, August 4th. Wall Street Zen raised shares of Unisys from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Finally, Needham & Company LLC began coverage on shares of Unisys in a research report on Wednesday. They set a “buy” rating and a $6.00 price target on the stock. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.17.

Unisys 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.