AustralianSuper Pty Ltd Takes Position in Jamf Holding Corp. $JAMF

AustralianSuper Pty Ltd purchased a new position in shares of Jamf Holding Corp. (NASDAQ:JAMF) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 898,408 shares of the company’s stock, valued at approximately $9,613,000. AustralianSuper Pty Ltd owned 0.68% of Jamf at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in Jamf by 4.3% in the first quarter. Royal Bank of Canada now owns 198,991 shares of the company’s stock worth $2,418,000 after buying an additional 8,243 shares during the period. AQR Capital Management LLC grew its position in shares of Jamf by 59.3% during the first quarter. AQR Capital Management LLC now owns 66,184 shares of the company’s stock worth $804,000 after acquiring an additional 24,639 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Jamf by 5.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,269 shares of the company’s stock worth $599,000 after acquiring an additional 2,704 shares during the period. Millennium Management LLC increased its holdings in shares of Jamf by 36.2% in the 1st quarter. Millennium Management LLC now owns 473,471 shares of the company’s stock worth $5,753,000 after acquiring an additional 125,865 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Jamf by 14.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 553,323 shares of the company’s stock valued at $6,723,000 after purchasing an additional 69,414 shares during the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on JAMF. Piper Sandler lowered shares of Jamf from an “overweight” rating to a “hold” rating and set a $13.05 price target on the stock. in a research note on Wednesday, October 29th. Needham & Company LLC lowered Jamf from a “buy” rating to a “hold” rating and set a $20.00 price objective for the company. in a report on Wednesday, October 29th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $13.00 target price (up from $12.00) on shares of Jamf in a research report on Monday, November 3rd. Zacks Research raised Jamf from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Citizens Jmp cut Jamf from a “market outperform” rating to a “hold” rating in a research note on Wednesday, December 3rd.

Jamf Trading Up 0.5%

Shares of JAMF stock opened at $13.05 on Friday. The stock has a 50-day simple moving average of $12.99 and a 200 day simple moving average of $11.06. The stock has a market capitalization of $1.75 billion, a P/E ratio of -40.78, a P/E/G ratio of 1.79 and a beta of 0.47. Jamf Holding Corp. has a fifty-two week low of $7.09 and a fifty-two week high of $16.12. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.48.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $183.49 million during the quarter, compared to the consensus estimate of $177.15 million. Jamf had a negative net margin of 5.98% and a positive return on equity of 4.43%. Jamf’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 EPS. On average, sell-side analysts expect that Jamf Holding Corp. will post 0.05 earnings per share 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.