Short Interest in Unisys Co. (NYSE:UIS) Decreases By 19.0%

Unisys Co. (NYSE:UIS) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 979,700 shares, a decline of 19.0% from the October 15th total of 1,210,000 shares. Based on an average daily volume of 617,200 shares, the short-interest ratio is presently 1.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Unisys from a “hold” rating to a “buy” rating in a research report on Tuesday.

Unisys Price Performance

UIS stock traded down $0.43 during midday trading on Friday, hitting $7.49. The stock had a trading volume of 575,651 shares, compared to its average volume of 600,875. The business has a 50-day moving average of $6.34 and a two-hundred day moving average of $5.25. The firm has a market cap of $519.51 million, a price-to-earnings ratio of -1.32, a price-to-earnings-growth ratio of 1.75 and a beta of 0.73. Unisys has a 52-week low of $3.32 and a 52-week high of $8.49.

Unisys (NYSE:UIS) last issued its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.21). The business had revenue of $497.00 million during the quarter, compared to the consensus estimate of $486.50 million. Unisys had a negative return on equity of 27.42% and a negative net margin of 19.24%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.33) earnings per share. Research analysts predict that Unisys will post 0.31 earnings per share for the current year.

Institutional Trading of Unisys

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Unisys by 4.8% in the first quarter. Vanguard Group Inc. now owns 6,532,851 shares of the information technology services provider’s stock worth $32,076,000 after acquiring an additional 300,941 shares in the last quarter. Needham Investment Management LLC boosted its stake in 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 worth $29,820,000 after purchasing an additional 385,000 shares in the last quarter. State Street Corp grew its position in Unisys by 13.2% during the 3rd 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 last quarter. Geode Capital Management LLC increased its stake in Unisys by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,549,653 shares of the information technology services provider’s stock valued at $8,804,000 after purchasing an additional 10,277 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Unisys by 13.8% in the second quarter. Federated Hermes Inc. now owns 1,334,155 shares of the information technology services provider’s stock worth $5,510,000 after buying an additional 162,177 shares in the last quarter. Hedge funds and other institutional investors own 86.87% of the company’s stock.

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.