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

Unisys Co. (NYSE:UIS) saw a significant drop in short interest in the month of 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. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 556,600 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Mackenzie Financial Corp increased its holdings in shares of Unisys by 79.4% in 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 period. PharVision Advisers LLC purchased a new position in shares of Unisys in the fourth quarter worth about $203,000. Virtus Fund Advisers LLC purchased a new position in shares of Unisys in the fourth quarter worth about $35,000. Virtus Investment Advisers Inc. purchased a new position in shares of Unisys in the fourth quarter worth about $364,000. Finally, Two Sigma Investments LP increased its holdings in shares of Unisys by 23.0% in 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 period. Hedge funds and other institutional investors own 86.87% of the company’s stock.

Unisys Price Performance

NYSE UIS traded up $0.08 during trading hours on Wednesday, reaching $4.26. 34,299 shares of the stock traded hands, compared to its average volume of 517,577. The stock has a 50 day simple moving average of $5.76 and a two-hundred day simple moving average of $6.33. Unisys has a 1 year low of $3.32 and a 1 year high of $8.93. The company has a market cap of $302.39 million, a price-to-earnings ratio of -1.50, a price-to-earnings-growth ratio of 0.56 and a beta of 1.25.

Unisys (NYSE:UIS) last released its quarterly earnings results on Tuesday, February 18th. The information technology services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $545.40 million for the quarter, compared to the consensus estimate of $550.93 million. During the same quarter last year, the business posted $0.51 earnings per share. On average, sell-side analysts forecast that Unisys will post 0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UIS has been the subject of several research analyst reports. Canaccord Genuity Group dropped their price objective on 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 Unisys from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th.

About Unisys

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.