Unisys Co. (NYSE:UIS) Short Interest Down 22.2% in February

Unisys Co. (NYSE:UIS) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 987,600 shares, a drop of 22.2% from the February 13th total of 1,270,000 shares. Based on an average daily trading volume, of 556,600 shares, the short-interest ratio is currently 1.8 days. Currently, 1.5% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Canaccord Genuity Group dropped their price objective on shares of Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a research note on Thursday, February 20th. StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th.

Institutional Investors Weigh In On Unisys

Several institutional investors have recently made changes to their positions in the company. Diversified Trust Co lifted its holdings in Unisys by 12.4% during the 4th quarter. Diversified Trust Co now owns 21,613 shares of the information technology services provider’s stock valued at $137,000 after buying an additional 2,380 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Unisys by 13.0% during the 4th quarter. Hsbc Holdings PLC now owns 34,241 shares of the information technology services provider’s stock valued at $218,000 after buying an additional 3,937 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Unisys by 17.7% during the 4th quarter. SG Americas Securities LLC now owns 26,899 shares of the information technology services provider’s stock valued at $170,000 after buying an additional 4,045 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Unisys by 14.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 32,254 shares of the information technology services provider’s stock valued at $204,000 after buying an additional 4,143 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Unisys by 9.4% during the 4th quarter. Wells Fargo & Company MN now owns 58,139 shares of the information technology services provider’s stock valued at $368,000 after buying an additional 5,019 shares in the last quarter. Institutional investors own 86.87% of the company’s stock.

Unisys Price Performance

Shares of Unisys stock traded down $0.17 during trading on Tuesday, hitting $4.17. The stock had a trading volume of 407,215 shares, compared to its average volume of 519,717. The firm’s fifty day simple moving average is $5.81 and its 200-day simple moving average is $6.34. The stock has a market cap of $296.64 million, a PE ratio of -1.47, a PEG ratio of 0.56 and a beta of 1.25. Unisys has a 12 month low of $3.32 and a 12 month high of $8.93.

Unisys (NYSE:UIS) last released its earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $545.40 million during the quarter, compared to analyst estimates of $550.93 million. Unisys had a negative net margin of 9.63% and a negative return on equity of 16.84%. During the same quarter last year, the business earned $0.51 EPS. Analysts expect that Unisys will post 0.61 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.