Blair William & Co. IL Lowers Stake in Unity Software Inc. (NYSE:U)

Blair William & Co. IL decreased its position in Unity Software Inc. (NYSE:U) by 33.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,899 shares of the company’s stock after selling 69,410 shares during the quarter. Blair William & Co. IL’s holdings in Unity Software were worth $2,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Unity Software during the fourth quarter worth about $37,000. Dimensional Fund Advisors LP lifted its holdings in Unity Software by 64.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,742,074 shares of the company’s stock worth $71,252,000 after buying an additional 680,002 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Unity Software by 26.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 35,336 shares of the company’s stock worth $1,445,000 after acquiring an additional 7,484 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Unity Software by 19.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,649 shares of the company’s stock worth $272,000 after acquiring an additional 1,064 shares during the period. Finally, D.A. Davidson & CO. increased its position in shares of Unity Software by 13.3% during the fourth quarter. D.A. Davidson & CO. now owns 19,639 shares of the company’s stock worth $803,000 after acquiring an additional 2,299 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Unity Software Stock Up 2.6 %

Unity Software stock opened at $20.81 on Monday. The company has a market capitalization of $8.26 billion, a P/E ratio of -9.29 and a beta of 2.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.36 and a current ratio of 2.36. Unity Software Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $43.54. The stock has a 50-day simple moving average of $16.87 and a 200-day simple moving average of $20.05.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.12. The company had revenue of $449.30 million during the quarter, compared to analysts’ expectations of $438.37 million. Unity Software had a negative return on equity of 8.78% and a negative net margin of 38.52%. The firm’s revenue for the quarter was down 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.26) earnings per share. Equities research analysts expect that Unity Software Inc. will post -1.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

U has been the subject of several analyst reports. Morgan Stanley raised Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price for the company in a research note on Tuesday, September 3rd. Wedbush boosted their price objective on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. JMP Securities restated a “market perform” rating on shares of Unity Software in a research note on Friday, September 13th. The Goldman Sachs Group decreased their price target on shares of Unity Software from $26.00 to $22.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Stifel Nicolaus increased their price objective on shares of Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Unity Software presently has a consensus rating of “Hold” and a consensus price target of $27.46.

Insider Buying and Selling

In related news, SVP Anirma Gupta sold 1,506 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $16.73, for a total value of $25,195.38. Following the transaction, the senior vice president now owns 409,540 shares in the company, valued at approximately $6,851,604.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Unity Software news, SVP Felix The sold 30,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $17.89, for a total transaction of $536,700.00. Following the completion of the transaction, the senior vice president now owns 423,679 shares in the company, valued at approximately $7,579,617.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Anirma Gupta sold 1,506 shares of Unity Software stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.73, for a total transaction of $25,195.38. Following the completion of the sale, the senior vice president now directly owns 409,540 shares in the company, valued at approximately $6,851,604.20. The disclosure for this sale can be found here. Insiders sold a total of 283,906 shares of company stock worth $5,753,611 in the last 90 days. Company insiders own 6.30% of the company’s stock.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.