AQR Capital Management LLC Grows Position in 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 lifted its holdings in Unisys Corporation (NYSE:UIS - Free Report) by 232.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,227,724 shares of the information technology services provider's stock after acquiring an additional 858,516 shares during the quarter. AQR Capital Management LLC owned 1.73% of Unisys worth $5,635,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Virtus Fund Advisers LLC bought a new position in shares of Unisys in the 4th quarter worth approximately $35,000. AlphaQuest LLC raised its stake in Unisys by 56.9% during the 1st 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 period. Pallas Capital Advisors LLC bought a new stake in Unisys during the 1st quarter worth approximately $49,000. Grant GrossMendelsohn LLC bought a new stake in Unisys during the 1st quarter worth approximately $60,000. Finally, Virtu Financial LLC grew its holdings in 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 buying an additional 2,230 shares in the last quarter. 86.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UIS shares. Wall Street Zen lowered shares of Unisys from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. Needham & Company LLC started coverage on shares of Unisys in a report on Wednesday, September 3rd. They set a "buy" rating and a $6.00 price objective for the company. Finally, Maxim Group raised shares of 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $7.17.

Unisys Trading Up 2.4%

Shares of UIS stock traded up $0.10 on Thursday, reaching $4.09. The company's stock had a trading volume of 477,812 shares, compared to its average volume of 652,016. The stock's fifty day simple moving average is $4.01 and its 200-day simple moving average is $4.28. Unisys Corporation has a 1 year low of $3.56 and a 1 year high of $8.93. The company has a market capitalization of $291.22 million, a price-to-earnings ratio of -3.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.35.

Unisys (NYSE:UIS - Get Free Report) last posted its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.53. The firm had revenue of $483.30 million during the quarter, compared to analyst estimates of $444.65 million. Unisys had a negative net margin of 4.16% and a negative return on equity of 12.55%. During the same period last year, the firm posted $0.16 earnings per share. Unisys has set its FY 2025 guidance at EPS. Equities research analysts forecast 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.