Unisys Co. (NYSE:UIS) Sees Large Increase in Short Interest

Unisys Co. (NYSE:UIS) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,270,000 shares, an increase of 56.3% from the January 31st total of 812,300 shares. Based on an average daily volume of 540,900 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On Unisys

A number of hedge funds have recently made changes to their positions in UIS. Needham Investment Management LLC raised its stake in shares of 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 in the last quarter. 272 Capital LP acquired a new position in shares of Unisys in the 3rd quarter valued at $1,832,000. Cubist Systematic Strategies LLC raised its stake in shares of Unisys by 680.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 252,803 shares of the information technology services provider’s stock valued at $1,600,000 after buying an additional 220,404 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Unisys during the 4th quarter worth about $1,260,000. Finally, State Street Corp increased its position in shares of Unisys by 13.2% during the 3rd quarter. State Street Corp now owns 1,612,970 shares of the information technology services provider’s stock worth $9,162,000 after purchasing an additional 188,630 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

Unisys Stock Down 1.5 %

Unisys stock traded down $0.07 during mid-day trading on Tuesday, reaching $4.15. The company had a trading volume of 585,145 shares, compared to its average volume of 509,165. Unisys has a 52 week low of $3.32 and a 52 week high of $8.93. The company has a 50 day moving average of $6.29 and a 200-day moving average of $6.43. The firm has a market cap of $288.51 million, a price-to-earnings ratio of -1.46, a PEG ratio of 0.56 and a beta of 0.78.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on UIS. Canaccord Genuity Group reduced their price target on shares of Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a report on Thursday, February 20th. StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a report on Thursday, February 13th.

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.