Dimensional Fund Advisors LP Boosts Stock Position in Jamf Holding Corp. (NASDAQ:JAMF)

Dimensional Fund Advisors LP grew its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & 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 approximately 1.63% of Jamf worth $29,242,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Blue Trust Inc. grew its stake in Jamf by 238.0% during the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock valued at $50,000 after acquiring an additional 2,523 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock valued at $57,000 after purchasing an additional 795 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Jamf by 51.0% in 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 during the last quarter. Versor Investments LP acquired a new position in Jamf during the fourth quarter worth $142,000. Finally, Mindset Wealth Management LLC purchased a new stake in Jamf in the 4th quarter valued at $145,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jamf news, CEO John Strosahl sold 56,170 shares of Jamf 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 completion of the sale, the chief executive officer now directly owns 1,540,226 shares of the company's stock, valued at $20,931,671.34. The trade was a 3.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Beth Tschida sold 88,797 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $1,187,215.89. Following the sale, the insider now directly owns 487,810 shares in the company, valued at $6,522,019.70. This trade represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 248,912 shares of company stock worth $3,355,739 in the last 90 days. Corporate insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JAMF. Mizuho set a $15.00 price target on shares of Jamf in a research report on Wednesday, April 16th. Morgan Stanley reduced their price target on shares of Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price objective on shares of Jamf in a research report on Tuesday, March 4th. Royal Bank of Canada reduced their target price on Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut their price objective on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Jamf currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.80.

Jamf Stock Down 1.4 %

Shares of NASDAQ:JAMF traded down $0.16 during trading on Friday, hitting $11.13. The company's stock had a trading volume of 1,013,427 shares, compared to its average volume of 620,918. The company has a market capitalization of $1.47 billion, a PE 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 $21.41. The business has a 50 day moving average price of $12.04 and a two-hundred day moving average price of $14.08.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The business had revenue of $167.62 million during the quarter, compared to the consensus estimate of $166.22 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. Jamf's quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts expect that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

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.