Unisys Corp. (NYSE: UIS) stock jumped 7.51% on Friday to $5.01 against a previous-day closing price of $4.66. With 0.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.68 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $5.01 whereas the lowest price it dropped to was $4.67. The 52-week range on UIS shows that it touched its highest point at $6.06 and its lowest point at $2.60 during that stretch. It currently has a 1-year price target of $5.00. Beta for the stock currently stands at 1.00.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UIS was up-trending over the past week, with a rise of 13.61%, but this was up by 75.17% over a month. Three-month performance surged to 38.02% while six-month performance rose 13.09%. The stock gained 11.09% in the past year, while it has lost -1.96% so far this year. A look at the trailing 12-month EPS for UIS yields -3.77 with Next year EPS estimates of 0.15. For the next quarter, that number is 0.20. This implies an EPS growth rate of -73.03% for this year and -49.44% for next year. EPS is expected to grow by 9.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -3.87%.
Float and Shares Shorts:
At present, 67.80 million UIS shares are outstanding with a float of 66.10 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.49 million, which was 2.17% higher than short shares on Sep 28, 2023. In addition to Mr. Peter A. Altabef as the firm’s Chairman & CEO, Mr. Michael M. Thomson serves as its COO & President.
Through their ownership of 92.07% of UIS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 6.82% of UIS, in contrast to 49.60% held by mutual funds. Shares owned by individuals account for 37.03%. As the largest shareholder in UIS with 8.73% of the stake, The Vanguard Group, Inc. holds 5,963,736 shares worth 5,963,736. A second-largest stockholder of UIS, Neuberger Berman Investment Advis, holds 5,357,967 shares, controlling over 7.85% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in UIS, holding 4,395,679 shares or 6.44% stake. With a 3.14% stake in UIS, the Neuberger Berman Intrinsic Value is the largest stakeholder. A total of 2,145,523 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.83% of UIS stock, is the second-largest Mutual Fund holder. It holds 1,935,305 shares valued at 5.38 million. iShares Russell 2000 ETF holds 2.31% of the stake in UIS, owning 1,577,538 shares worth 4.39 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UIS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With UIS analysts setting a high price target of $6.00 and a low target of $4.00, the average target price over the next 12 months is $5.00. Based on these targets, UIS could surge 19.76% to reach the target high and fall by -20.16% to reach the target low. Reaching the average price target will result in a decline of -0.2% from current levels.
Summary of Insider Activity:
Insiders traded UIS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 40 while that of sell transactions has risen to 27 over the past year. The total number of shares bought during that period was 709,944 while 47,991 shares were sold.