Renaissance Group LLC Increases Stock Position in Jamf Holding Corp. $JAMF

Renaissance Group LLC raised its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 8.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 538,959 shares of the company’s stock after purchasing an additional 42,729 shares during the period. Renaissance Group LLC owned 0.41% of Jamf worth $5,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in JAMF. Savant Capital LLC lifted its position in shares of Jamf by 103.8% in the third quarter. Savant Capital LLC now owns 20,732 shares of the company’s stock worth $222,000 after buying an additional 10,559 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Jamf by 32.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 139,671 shares of the company’s stock worth $1,494,000 after acquiring an additional 34,245 shares during the last quarter. State of Wyoming raised its holdings in shares of Jamf by 297.9% during the 3rd quarter. State of Wyoming now owns 40,651 shares of the company’s stock worth $435,000 after acquiring an additional 30,435 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Jamf by 13.6% during the 3rd quarter. Arizona State Retirement System now owns 21,448 shares of the company’s stock valued at $229,000 after acquiring an additional 2,575 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Jamf by 62.5% during the third quarter. New York State Common Retirement Fund now owns 316,574 shares of the company’s stock valued at $3,387,000 after purchasing an additional 121,818 shares in the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JAMF. Piper Sandler cut shares of Jamf from an “overweight” rating to a “hold” rating and set a $13.05 price objective for the company. in a research note on Wednesday, October 29th. Wall Street Zen cut Jamf from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Canaccord Genuity Group downgraded Jamf from a “buy” rating to a “hold” rating and decreased their price objective for the company from $15.00 to $13.05 in a research report on Wednesday, October 29th. Needham & Company LLC cut Jamf from a “buy” rating to a “hold” rating and set a $20.00 target price for the company. in a report on Wednesday, October 29th. Finally, Zacks Research raised Jamf from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th.

Jamf Stock Up 0.5%

Shares of NASDAQ JAMF opened at $13.05 on Friday. The stock has a 50 day moving average price of $13.01 and a 200 day moving average price of $11.29. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -40.78, a PEG ratio of 1.77 and a beta of 0.52. Jamf Holding Corp. has a 52-week low of $7.09 and a 52-week high of $16.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.87.

Jamf (NASDAQ:JAMF) last issued its 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. Jamf had a positive return on equity of 4.43% and a negative net margin of 5.98%.The business had revenue of $183.49 million during the quarter, compared to analyst estimates of $177.15 million. During the same period in the previous year, the company posted $0.16 EPS. Jamf’s revenue was up 15.2% on a year-over-year basis. Sell-side analysts expect that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

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.