Short Interest in Unisys Co. (NYSE:UIS) Drops By 22.2%

Unisys Co. (NYSE:UIS) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 987,600 shares, a decrease of 22.2% from the February 13th total of 1,270,000 shares. Based on an average trading volume of 556,600 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.5% of the shares of the stock are short sold.

Unisys Price Performance

Shares of UIS stock traded up $0.18 during trading hours on Monday, hitting $4.39. 214,908 shares of the company’s stock were exchanged, compared to its average volume of 519,537. The stock’s 50-day moving average is $5.86 and its 200-day moving average is $6.34. The stock has a market cap of $305.21 million, a price-to-earnings ratio of -1.55, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25. Unisys has a 52 week low of $3.32 and a 52 week high of $8.93.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $545.40 million for the quarter, compared to analysts’ expectations of $550.93 million. Unisys had a negative return on equity of 16.84% and a negative net margin of 9.63%. During the same quarter last year, the business earned $0.51 earnings per share. Equities research analysts forecast that Unisys will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com upgraded Unisys from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group decreased their target price on Unisys from $7.00 to $6.50 and set a “hold” rating on the stock in a report on Thursday, February 20th.

Hedge Funds Weigh In On Unisys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp boosted its holdings in Unisys by 79.4% during the fourth quarter. Mackenzie Financial Corp now owns 105,628 shares of the information technology services provider’s stock worth $669,000 after buying an additional 46,741 shares during the last quarter. PharVision Advisers LLC bought a new position in Unisys during the fourth quarter worth about $203,000. Virtus Fund Advisers LLC bought a new position in Unisys during the fourth quarter worth about $35,000. Virtus Investment Advisers Inc. bought a new position in Unisys during the fourth quarter worth about $364,000. Finally, Two Sigma Investments LP boosted its holdings in Unisys by 23.0% during the fourth quarter. Two Sigma Investments LP now owns 632,324 shares of the information technology services provider’s stock worth $4,003,000 after buying an additional 118,255 shares during the last quarter. Institutional investors own 86.87% of the company’s stock.

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.