Unisys Co. (NYSE:UIS) Short Interest Down 17.5% in March

Unisys Co. (NYSE:UIS) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 932,000 shares, a decline of 17.5% from the March 15th total of 1,130,000 shares. Based on an average trading volume of 546,800 shares, the short-interest ratio is presently 1.7 days. Currently, 1.4% of the company’s shares are short sold.

Unisys Trading Down 2.8 %

Shares of NYSE UIS traded down $0.11 during mid-day trading on Monday, reaching $3.82. The company had a trading volume of 385,497 shares, compared to its average volume of 540,367. The firm has a 50 day simple moving average of $4.49 and a two-hundred day simple moving average of $6.08. Unisys has a 52-week low of $3.32 and a 52-week high of $8.93. The stock has a market cap of $271.48 million, a P/E ratio of -1.35, a PEG ratio of 0.56 and a beta of 1.14.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on UIS. StockNews.com upgraded shares of Unisys from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group cut their target price on shares of Unisys from $7.00 to $6.50 and set a “hold” rating on the stock in a research note on Thursday, February 20th.

Hedge Funds Weigh In On Unisys

Hedge funds have recently modified their holdings of the business. 272 Capital LP purchased a new position in Unisys during the 3rd quarter worth $1,832,000. Cubist Systematic Strategies LLC raised its stake in Unisys by 680.3% during 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 acquiring an additional 220,404 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Unisys during the 4th quarter worth approximately $1,260,000. State Street Corp increased its holdings 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 purchasing an additional 188,630 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Unisys by 179.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 277,583 shares of the information technology services provider’s stock worth $1,757,000 after purchasing an additional 178,295 shares during the last quarter. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

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.