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

Unisys Co. (NYSE:UIS - Get Free Report) saw 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. Currently, 1.5% of the company's stock are short sold. Based on an average daily volume of 556,600 shares, the short-interest ratio is presently 1.8 days.

Unisys Stock Up 1.9 %

UIS traded up $0.08 during trading on Friday, hitting $4.27. 233,128 shares of the stock were exchanged, compared to its average volume of 518,363. The firm has a market capitalization of $303.46 million, a P/E ratio of -1.51, a PEG ratio of 0.56 and a beta of 1.25. Unisys has a 1-year low of $3.32 and a 1-year high of $8.93. The stock has a fifty day moving average price of $5.67 and a two-hundred day moving average price of $6.30.

Unisys (NYSE:UIS - Get Free Report) last announced its earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Unisys had a negative return on equity of 16.84% and a negative net margin of 9.63%. The company had revenue of $545.40 million for the quarter, compared to the consensus estimate of $550.93 million. During the same period last year, the business posted $0.51 EPS. Analysts predict that Unisys will post 0.61 EPS for the current year.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UIS. Needham Investment Management LLC grew 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 purchasing an additional 385,000 shares during the last quarter. 272 Capital LP purchased a new stake in shares of Unisys in the third quarter valued at approximately $1,832,000. Cubist Systematic Strategies LLC boosted its stake in shares of Unisys by 680.3% in the fourth 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 purchased a new stake in shares of Unisys in the fourth quarter valued at approximately $1,260,000. Finally, State Street Corp boosted its stake in shares of Unisys by 13.2% in the third 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 in the last quarter. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UIS has been the topic of several research analyst reports. Canaccord Genuity Group cut their target price on Unisys from $7.00 to $6.50 and set a "hold" rating on the stock in a research report on Thursday, February 20th. StockNews.com raised Unisys from a "hold" rating to a "buy" rating in a research 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.