Illinois Municipal Retirement Fund Buys 28,833 Shares of Unity Software Inc. $U

Illinois Municipal Retirement Fund raised its stake in Unity Software Inc. (NYSE:U) by 85.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,671 shares of the company’s stock after purchasing an additional 28,833 shares during the period. Illinois Municipal Retirement Fund’s holdings in Unity Software were worth $1,375,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of U. Flynn Zito Capital Management LLC grew its stake in Unity Software by 101.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 13,687 shares of the company’s stock valued at $300,000 after buying an additional 6,900 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in Unity Software during the first quarter worth approximately $267,000. Bleakley Financial Group LLC acquired a new stake in Unity Software during the first quarter worth approximately $871,000. 180 Wealth Advisors LLC boosted its holdings in shares of Unity Software by 48.5% during the first quarter. 180 Wealth Advisors LLC now owns 15,535 shares of the company’s stock worth $341,000 after acquiring an additional 5,074 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Unity Software by 284,400.0% during the first quarter. Fifth Third Bancorp now owns 2,845 shares of the company’s stock worth $62,000 after acquiring an additional 2,844 shares during the period. 73.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Piper Sandler initiated coverage on Unity Software in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $40.00 target price on the stock. UBS Group boosted their price target on Unity Software from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. BTIG Research upped their price objective on Unity Software from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Citigroup lowered their price objective on Unity Software from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Morgan Stanley lifted their target price on Unity Software from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.77.

Unity Software Trading Down 0.3%

Shares of Unity Software stock opened at $29.71 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. Unity Software Inc. has a 12-month low of $16.78 and a 12-month high of $52.15. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of -18.93, a PEG ratio of 3.61 and a beta of 2.05. The firm’s 50-day moving average price is $28.50 and its two-hundred day moving average price is $27.58.

Insider Buying and Selling at Unity Software

In other Unity Software news, CFO Jarrod Yahes sold 24,021 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $27.18, for a total value of $652,890.78. Following the sale, the chief financial officer owned 704,360 shares of the company’s stock, valued at approximately $19,144,504.80. This trade represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Rebecca Berenice Boyden sold 952 shares of Unity Software stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $27.20, for a total value of $25,894.40. Following the completion of the transaction, the senior vice president owned 309,445 shares in the company, valued at approximately $8,416,904. The trade was a 0.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 198,321 shares of company stock worth $5,390,783 in the last three months. Company insiders own 0.77% of the company’s stock.

Unity Software Profile

Unity Software is a leading provider of a real-time 3D development platform that enables creators across industries to design, build and operate interactive, real-time experiences. Originally focused on the game development market, Unity’s technology now extends into sectors such as film, automotive, architecture, engineering and construction, delivering immersive content for mobile, desktop, console, augmented reality and virtual reality devices. The company’s core offering comprises a suite of authoring tools, runtime engines and cloud services that streamline the creation and deployment of interactive 3D applications.

The Unity Editor serves as the central hub where developers design scenes, script behavior and iterate on assets.