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

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Diversified Trust Co boosted its stake in shares of Unisys by 12.4% in the 4th quarter. Diversified Trust Co now owns 21,613 shares of the information technology services provider’s stock valued at $137,000 after purchasing an additional 2,380 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Unisys by 13.0% in the 4th quarter. Hsbc Holdings PLC now owns 34,241 shares of the information technology services provider’s stock valued at $218,000 after purchasing an additional 3,937 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Unisys by 17.7% in 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 purchasing an additional 4,045 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Unisys by 14.7% in 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 purchasing an additional 4,143 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Unisys by 9.4% in 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 purchasing an additional 5,019 shares during the last quarter. Institutional investors own 86.87% of the company’s stock.

Unisys Stock Performance

UIS traded down $0.07 during midday trading on Tuesday, hitting $4.15. The company had a trading volume of 585,145 shares, compared to its average volume of 509,165. The company has a market capitalization of $288.51 million, a PE ratio of -1.46, a P/E/G ratio of 0.56 and a beta of 0.78. Unisys has a twelve month low of $3.32 and a twelve month high of $8.93. The firm’s 50-day simple moving average is $6.29 and its 200-day simple moving average is $6.43.

Unisys (NYSE:UIS) last posted its quarterly earnings data 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. The firm had revenue of $545.40 million during the quarter, compared to analysts’ expectations 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 company posted $0.51 EPS. As a group, sell-side analysts anticipate that Unisys will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UIS. Canaccord Genuity Group dropped their target price on shares of Unisys from $7.00 to $6.50 and set a “hold” rating for the company in a research report on Thursday, February 20th. StockNews.com upgraded shares of 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.