Raymond James Financial Inc. Purchases New Shares in Jamf Holding Corp. (NASDAQ:JAMF)

Raymond James Financial Inc. bought a new position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 36,935 shares of the company's stock, valued at approximately $519,000.

Several other large investors have also added to or reduced their stakes in JAMF. Wellington Management Group LLP boosted its position in shares of Jamf by 8.4% during the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock valued at $152,375,000 after acquiring an additional 841,239 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Jamf by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company's stock valued at $123,030,000 after acquiring an additional 114,036 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Jamf by 20.2% during the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock valued at $34,211,000 after acquiring an additional 409,531 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Jamf by 28.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock valued at $24,190,000 after acquiring an additional 306,558 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Jamf by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 574,912 shares of the company's stock valued at $8,078,000 after acquiring an additional 22,646 shares during the last quarter. Institutional investors own 93.81% of the company's stock.

Jamf Trading Up 0.6%

Jamf stock traded up $0.07 during trading hours on Tuesday, reaching $11.84. The company had a trading volume of 404,522 shares, compared to its average volume of 728,445. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The company has a 50-day moving average price of $11.93 and a 200 day moving average price of $13.97. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -21.53, a P/E/G ratio of 1.02 and a beta of 0.44. Jamf Holding Corp. has a 12-month low of $9.94 and a 12-month high of $19.05.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations of $166.22 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The business's revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts forecast that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Insider Activity

In related news, insider Beth Tschida sold 88,797 shares of Jamf stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction 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. The trade was a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anthony Grabenau sold 9,701 shares of Jamf stock in a transaction that occurred 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 sale, the chief accounting officer now owns 57,946 shares in the company, valued at $788,065.60. This represents a 14.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 248,912 shares of company stock valued at $3,355,739. Company insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

JAMF has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of Jamf in a research report on Tuesday, March 4th. William Blair reissued an "outperform" rating on shares of Jamf in a report on Friday, February 28th. Morgan Stanley decreased their price objective on Jamf from $16.00 to $14.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Mizuho set a $15.00 price objective on Jamf in a report on Wednesday, April 16th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $21.00 price objective 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 company's stock. According to data from MarketBeat, Jamf currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.80.

Jamf 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.