Intech Investment Management LLC Cuts Stock Holdings in Jamf Holding Corp. $JAMF

Intech Investment Management LLC reduced its stake in Jamf Holding Corp. (NASDAQ:JAMF) by 16.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,721 shares of the company’s stock after selling 6,214 shares during the period. Intech Investment Management LLC’s holdings in Jamf were worth $311,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JAMF. Quarry LP increased its stake in shares of Jamf by 148.7% in the 1st quarter. Quarry LP now owns 6,505 shares of the company’s stock worth $79,000 after acquiring an additional 3,889 shares in the last quarter. Savant Capital LLC bought a new position in Jamf in the second quarter valued at about $97,000. Creative Planning bought a new stake in Jamf during the second quarter valued at approximately $101,000. Wealth Enhancement Advisory Services LLC purchased a new position in Jamf during the second quarter valued at $115,000. Finally, MQS Management LLC bought a new position in shares of Jamf during the 2nd quarter valued at approximately $127,000. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

Jamf Trading Up 0.0%

NASDAQ JAMF opened at $12.93 on Monday. Jamf Holding Corp. has a one year low of $7.09 and a one year high of $16.16. The firm has a 50 day simple moving average of $11.61 and a 200-day simple moving average of $10.11. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -33.14, a PEG ratio of 2.81 and a beta of 0.41.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $183.49 million during the quarter, compared to the consensus estimate of $177.15 million. Jamf had a positive return on equity of 3.02% and a negative net margin of 7.36%.The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. Equities research analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Linh Lam sold 3,210 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $9.95, for a total value of $31,939.50. Following the sale, the insider directly owned 250,308 shares in the company, valued at $2,490,564.60. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Strosahl sold 43,650 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $9.88, for a total transaction of $431,262.00. Following the completion of the transaction, the chief executive officer directly owned 1,480,451 shares of the company’s stock, valued at approximately $14,626,855.88. This represents a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JAMF. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jamf in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $13.00 price target (up previously from $12.00) on shares of Jamf in a research note on Monday, November 3rd. Citigroup reissued a “market outperform” rating on shares of Jamf in a research report on Wednesday, October 29th. Mizuho lowered Jamf from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Zacks Research raised shares of Jamf from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th.

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.