AQR Capital Management LLC Purchases 858,516 Shares of Unisys Corporation $UIS

Key Points

• AQR Capital Management LLC increased its stake in Unisys Corporation by 232.5%, acquiring 858,516 shares and now holds approximately 1.73% of the company.
• Recent analyst ratings for Unisys include a "buy" from Needham & Company with a price target of $6.00, while Maxim Group upgraded the stock to a "buy" with a target of $9.00.
• Unisys reported a quarterly earnings per share (EPS) of $0.19, exceeding estimates, with total revenue of $483.30 million, compared to an estimated $444.65 million.

AQR Capital Management LLC grew its position in shares of Unisys Corporation (NYSE:UIS - Free Report) by 232.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,227,724 shares of the information technology services provider's stock after purchasing an additional 858,516 shares during the quarter. AQR Capital Management LLC owned approximately 1.73% of Unisys worth $5,635,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. State of Wyoming bought a new position in shares of Unisys during the 1st quarter valued at about $122,000. Ieq Capital LLC purchased a new stake in Unisys during the 1st quarter valued at about $297,000. AlphaQuest LLC boosted its holdings in Unisys by 56.9% during the 1st quarter. AlphaQuest LLC now owns 9,716 shares of the information technology services provider's stock valued at $45,000 after acquiring an additional 3,523 shares during the period. Newport Trust Company LLC boosted its holdings in Unisys by 7.0% during the 1st quarter. Newport Trust Company LLC now owns 1,253,724 shares of the information technology services provider's stock valued at $5,755,000 after acquiring an additional 81,913 shares during the period. Finally, Whetstone Capital Advisors LLC purchased a new stake in Unisys during the 1st quarter valued at about $2,836,000. 86.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UIS has been the subject of several research analyst reports. Needham & Company LLC initiated coverage on Unisys in a report on Wednesday, September 3rd. They issued a "buy" rating and a $6.00 price objective for the company. Wall Street Zen cut Unisys from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Finally, Maxim Group upgraded Unisys from a "hold" rating to a "buy" rating and set a $9.00 price objective for the company in a report on Monday, August 4th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $7.17.

Unisys Trading Down 2.9%

Unisys stock opened at $3.96 on Friday. The firm has a market cap of $282.31 million, a price-to-earnings ratio of -3.36, a PEG ratio of 0.56 and a beta of 1.35. The stock has a fifty day simple moving average of $4.04 and a two-hundred day simple moving average of $4.29. Unisys Corporation has a 12 month low of $3.56 and a 12 month high of $8.93.

Unisys (NYSE:UIS - Get Free Report) 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. The business had revenue of $483.30 million during the quarter, compared to analyst estimates of $444.65 million. Unisys had a negative return on equity of 12.55% and a negative net margin of 4.16%.During the same quarter last year, the company earned $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. On average, equities research analysts forecast 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.

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