Unisys Corporation (NYSE:UIS) Sees Large Drop in Short Interest

Key Points

• Unisys Corporation saw a significant decline in short interest in August, dropping by 19.8% to a total of 1,540,000 shares as of August 31st.
• Several institutional investors increased their holdings in Unisys, with Deutsche Bank AG leading the way by boosting its stake by 49.7% during the fourth quarter.
• Analysts have mixed ratings on Unisys, with Needham & Company setting a $6.00 price target, while Maxim Group has a higher target of $9.00 after upgrading the stock to a buy rating.

Unisys Corporation (NYSE:UIS - Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,540,000 shares, a decline of 19.8% from the August 15th total of 1,920,000 shares. Based on an average trading volume of 735,700 shares, the short-interest ratio is currently 2.1 days. Currently, 2.2% of the shares of the stock are sold short. Currently, 2.2% of the shares of the stock are sold short. Based on an average trading volume of 735,700 shares, the short-interest ratio is currently 2.1 days.

Analyst Ratings Changes

Several analysts have recently commented on UIS shares. Wall Street Zen raised shares of Unisys from a "hold" rating to a "buy" rating in a research note on Saturday. Needham & Company LLC started coverage on Unisys in a report on Wednesday, September 3rd. They set a "buy" rating and a $6.00 price objective on the stock. Maxim Group raised Unisys from a "hold" rating to a "buy" rating and set a $9.00 target price for the company in a research note on Monday, August 4th. Finally, Jefferies Financial Group started coverage on Unisys in a research report on Monday. They set a "hold" rating and a $4.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Unisys currently has a consensus rating of "Moderate Buy" and an average price target of $6.38.

Unisys Stock Up 2.2%

UIS stock traded up $0.09 during midday trading on Monday, reaching $4.11. The company's stock had a trading volume of 528,635 shares, compared to its average volume of 679,039. The business's 50-day simple moving average is $4.01 and its 200-day simple moving average is $4.28. Unisys has a 52 week low of $3.56 and a 52 week high of $8.93. The stock has a market cap of $293.00 million, a PE ratio of -3.48, a price-to-earnings-growth ratio of 0.55 and a beta of 1.35.

Unisys (NYSE:UIS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The information technology services provider reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.53. The company had revenue of $483.30 million during the quarter, compared to analysts' expectations of $444.65 million. Unisys had a negative net margin of 4.16% and a negative return on equity of 12.55%. During the same quarter in the previous year, the company posted $0.16 EPS. Unisys has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Unisys will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Unisys

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in Unisys by 232.5% during the first quarter. AQR Capital Management LLC now owns 1,227,724 shares of the information technology services provider's stock worth $5,635,000 after acquiring an additional 858,516 shares in the last quarter. Whetstone Capital Advisors LLC acquired a new stake in shares of Unisys during the first quarter worth about $2,836,000. JPMorgan Chase & Co. raised its position in shares of Unisys by 18.9% during the second quarter. JPMorgan Chase & Co. now owns 1,714,693 shares of the information technology services provider's stock worth $7,768,000 after purchasing an additional 272,627 shares during the period. Palisade Capital Management LP grew its position in shares of Unisys by 17.4% in the 2nd quarter. Palisade Capital Management LP now owns 1,758,525 shares of the information technology services provider's stock valued at $7,966,000 after purchasing an additional 260,716 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Unisys by 15.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,817,608 shares of the information technology services provider's stock valued at $8,337,000 after purchasing an additional 246,660 shares during the period. Institutional investors and hedge funds own 86.87% of the company's stock.

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.