AQR Capital Management LLC Has $2.97 Million Stake in Unisys Co. (NYSE:UIS)

AQR Capital Management LLC trimmed its stake in shares of Unisys Co. (NYSE:UIS - Free Report) by 20.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 718,623 shares of the information technology services provider's stock after selling 184,389 shares during the period. AQR Capital Management LLC owned about 1.04% of Unisys worth $2,968,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in Unisys in the 2nd quarter worth about $41,000. Point72 DIFC Ltd purchased a new stake in Unisys in the 2nd quarter worth about $30,000. Bank of Montreal Can lifted its stake in Unisys by 738.6% in the 2nd quarter. Bank of Montreal Can now owns 287,376 shares of the information technology services provider's stock worth $1,187,000 after acquiring an additional 253,108 shares in the last quarter. ProShare Advisors LLC lifted its stake in Unisys by 49.1% in the 2nd quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider's stock worth $74,000 after acquiring an additional 5,866 shares in the last quarter. Finally, Newport Trust Company LLC lifted its stake in Unisys by 0.5% in the 2nd quarter. Newport Trust Company LLC now owns 1,304,955 shares of the information technology services provider's stock worth $5,389,000 after acquiring an additional 6,894 shares in the last quarter. 86.87% of the stock is owned by hedge funds and other institutional investors.

Unisys Trading Up 1.0 %

UIS stock traded up $0.06 during mid-day trading on Tuesday, hitting $5.91. The stock had a trading volume of 1,527,776 shares, compared to its average volume of 568,962. Unisys Co. has a 1-year low of $2.60 and a 1-year high of $8.12. The company has a fifty day moving average of $5.21 and a 200 day moving average of $4.95. The stock has a market capitalization of $409.14 million, a price-to-earnings ratio of -1.00, a PEG ratio of 1.57 and a beta of 0.78.

Unisys (NYSE:UIS - Get Free Report) last issued its earnings results on Monday, August 5th. The information technology services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.17. Unisys had a negative return on equity of 24.50% and a negative net margin of 18.95%. The company had revenue of $478.20 million for the quarter, compared to analyst estimates of $485.93 million. During the same period in the prior year, the firm posted ($0.09) EPS. The business's revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts expect that Unisys Co. will post 0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Unisys from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th.

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.