Dimensional Fund Advisors LP Increases Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Dimensional Fund Advisors LP lifted its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,081,200 shares of the company's stock after purchasing an additional 167,909 shares during the quarter. Dimensional Fund Advisors LP owned 1.63% of Jamf worth $29,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Jamf by 24.5% during the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock worth $57,000 after buying an additional 795 shares in the last quarter. Sei Investments Co. increased its holdings in Jamf by 2.0% in the 4th quarter. Sei Investments Co. now owns 109,654 shares of the company's stock worth $1,541,000 after purchasing an additional 2,104 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Jamf by 51.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company's stock valued at $104,000 after purchasing an additional 2,500 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Jamf by 238.0% in the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock valued at $50,000 after buying an additional 2,523 shares during the period. Finally, Nordea Investment Management AB boosted its position in Jamf by 3.5% during the 4th quarter. Nordea Investment Management AB now owns 153,736 shares of the company's stock worth $2,192,000 after buying an additional 5,171 shares during the period. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Jamf Trading Down 1.4%

Shares of JAMF stock traded down $0.16 during trading hours on Friday, hitting $11.13. 1,013,427 shares of the company were exchanged, compared to its average volume of 621,020. The company has a 50 day simple moving average of $11.98 and a two-hundred day simple moving average of $14.00. The firm has a market cap of $1.47 billion, a P/E ratio of -20.24, a P/E/G ratio of 1.02 and a beta of 0.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. Jamf Holding Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $20.49.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The business had revenue of $167.62 million for the quarter, compared to analyst estimates of $166.22 million. During the same period last year, the firm earned $0.14 EPS. The company's revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on JAMF shares. Morgan Stanley dropped their price target on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 target price on shares of Jamf in a research report on Tuesday, March 4th. Mizuho set a $15.00 price target on Jamf in a research report on Wednesday, April 16th. Royal Bank of Canada lowered their price objective on Jamf from $23.00 to $19.00 and set an "outperform" rating for the company in a research report on Tuesday, January 21st. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $21.00 target price on shares of Jamf in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Jamf presently has a consensus rating of "Moderate Buy" and an average target price of $19.80.

Insider Buying and Selling

In other Jamf news, insider Beth Tschida sold 88,797 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the transaction, the insider now owns 487,810 shares in the company, valued at approximately $6,522,019.70. This represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John Strosahl sold 56,170 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total transaction of $763,350.30. Following the sale, the chief executive officer now directly owns 1,540,226 shares of the company's stock, valued at approximately $20,931,671.34. The trade was a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 248,912 shares of company stock valued at $3,355,739. 2.30% of the stock is owned by company insiders.

About Jamf

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.