Northern Trust Corp Grows Position in Jamf Holding Corp. (NASDAQ:JAMF)

Northern Trust Corp lifted its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 804,030 shares of the company's stock after acquiring an additional 25,613 shares during the quarter. Northern Trust Corp owned approximately 0.63% of Jamf worth $11,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in 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 acquiring an additional 2,523 shares during the period. Canada Pension Plan Investment Board raised its stake 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 buying an additional 2,500 shares during the period. Versor Investments LP bought a new stake in shares of Jamf during the fourth quarter valued at about $142,000. Mindset Wealth Management LLC bought a new stake in Jamf during the 4th quarter worth approximately $145,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Jamf in the fourth quarter worth $192,000. 93.81% of the stock is currently owned by institutional investors.

Jamf Price Performance

JAMF stock traded down $0.24 during trading on Thursday, reaching $10.50. The company's stock had a trading volume of 718,155 shares, compared to its average volume of 591,305. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company's fifty day moving average is $11.61 and its 200-day moving average is $13.70. The company has a market capitalization of $1.38 billion, a P/E ratio of -19.09, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44. Jamf Holding Corp. has a 1 year low of $9.95 and a 1 year high of $19.05.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JAMF shares. JPMorgan Chase & Co. dropped their target price on Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. William Blair reiterated an "outperform" rating on shares of Jamf in a research report on Friday, February 28th. Needham & Company LLC restated a "buy" rating and issued a $25.00 price objective on shares of Jamf in a report on Tuesday, March 4th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $21.00 price objective on shares of Jamf in a research report on Wednesday, February 26th. Finally, Mizuho set a $15.00 target price on Jamf in a research report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $19.80.

Insider Activity

In related news, CAO Anthony Grabenau sold 9,701 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total value of $131,933.60. Following the completion of the transaction, the chief accounting officer now directly owns 57,946 shares of the company's stock, valued at approximately $788,065.60. This trade represents a 14.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Beth Tschida sold 88,797 shares of the business'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 $6,522,019.70. This trade represents a 15.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 248,912 shares of company stock worth $3,355,739 over the last quarter. Insiders own 2.70% of the company's stock.

Jamf Company Profile

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.