Everence Capital Management Inc. Buys New Shares in Unity Software Inc. (NYSE:U)

Everence Capital Management Inc. acquired a new position in Unity Software Inc. (NYSE:U) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,790 shares of the company’s stock, valued at approximately $265,000.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Unity Software by 33.6% during the 4th quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the period. Farther Finance Advisors LLC raised its holdings in Unity Software by 4.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,947 shares of the company’s stock valued at $315,000 after buying an additional 538 shares during the last quarter. Tidal Investments LLC boosted its position in Unity Software by 4.9% during the 3rd quarter. Tidal Investments LLC now owns 15,410 shares of the company’s stock valued at $349,000 after buying an additional 723 shares during the period. Venturi Wealth Management LLC grew its holdings in Unity Software by 28.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,923 shares of the company’s stock worth $89,000 after acquiring an additional 876 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Unity Software by 8.2% in the second quarter. Intech Investment Management LLC now owns 13,270 shares of the company’s stock valued at $216,000 after acquiring an additional 1,010 shares during the period. 73.46% of the stock is currently owned by institutional investors.

Unity Software Price Performance

Shares of NYSE U opened at $23.08 on Wednesday. The company has a 50 day moving average of $22.88 and a 200 day moving average of $19.77. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $39.29. The firm has a market cap of $9.30 billion, a P/E ratio of -11.31 and a beta of 2.32.

Insider Transactions at Unity Software

In other news, Director Tomer Bar-Zeev sold 250,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total value of $6,255,000.00. Following the transaction, the director now directly owns 3,648,146 shares in the company, valued at $91,276,612.92. This trade represents a 6.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark Barrysmith sold 1,228 shares of Unity Software stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.44, for a total value of $30,012.32. Following the completion of the sale, the chief financial officer now directly owns 453,638 shares of the company’s stock, valued at $11,086,912.72. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 762,669 shares of company stock worth $17,480,869 over the last quarter. 6.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wedbush raised their target price on Unity Software from $21.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Stifel Nicolaus upped their target price on Unity Software from $20.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 13th. UBS Group raised their target price on shares of Unity Software from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Macquarie boosted their price target on shares of Unity Software from $15.00 to $16.00 and gave the company an “underperform” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company initiated coverage on shares of Unity Software in a report on Monday, October 28th. They issued an “equal weight” rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Unity Software presently has an average rating of “Hold” and an average target price of $22.27.

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.