Unisys Co. (NYSE:UIS) Short Interest Update

Unisys Co. (NYSE:UIS) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 979,700 shares, a drop of 19.0% from the October 15th total of 1,210,000 shares. Based on an average daily trading volume, of 617,200 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On Unisys

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Unisys by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock valued at $32,076,000 after buying an additional 300,941 shares during the last quarter. Needham Investment Management LLC raised its position in Unisys by 7.9% in the 3rd quarter. Needham Investment Management LLC now owns 5,250,000 shares of the information technology services provider’s stock valued at $29,820,000 after buying an additional 385,000 shares during the last quarter. State Street Corp raised its position in Unisys by 13.2% in the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock valued at $9,162,000 after buying an additional 188,630 shares during the last quarter. Federated Hermes Inc. raised its position in Unisys by 13.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock valued at $5,510,000 after buying an additional 162,177 shares during the last quarter. Finally, Newport Trust Company LLC increased its position in shares of Unisys by 0.5% during 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 purchasing an additional 6,894 shares during the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday.

Unisys Trading Down 5.4 %

Shares of NYSE UIS traded down $0.43 during mid-day trading on Friday, reaching $7.49. 575,646 shares of the company’s stock were exchanged, compared to its average volume of 600,875. The business has a fifty day simple moving average of $6.29 and a 200 day simple moving average of $5.23. Unisys has a twelve month low of $3.32 and a twelve month high of $8.49.

Unisys (NYSE:UIS) last released its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The business had revenue of $497.00 million for the quarter, compared to analyst estimates of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.33) EPS. Sell-side analysts anticipate that Unisys will post 0.31 earnings per share for the current fiscal year.

Unisys Company 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.