New York State Common Retirement Fund Increases Stock Position in Jamf Holding Corp. $JAMF

New York State Common Retirement Fund boosted its position in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 62.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,574 shares of the company’s stock after purchasing an additional 121,818 shares during the period. New York State Common Retirement Fund owned approximately 0.24% of Jamf worth $3,387,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JAMF. Sunriver Management LLC grew its stake in shares of Jamf by 46.9% during the second quarter. Sunriver Management LLC now owns 4,519,582 shares of the company’s stock valued at $42,981,000 after acquiring an additional 1,441,908 shares in the last quarter. Qube Research & Technologies Ltd grew its position in shares of Jamf by 133.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,369,447 shares of the company’s stock valued at $13,023,000 after buying an additional 781,968 shares during the last quarter. Marshall Wace LLP raised its stake in Jamf by 181.7% during the second quarter. Marshall Wace LLP now owns 1,366,919 shares of the company’s stock worth $12,999,000 after acquiring an additional 881,745 shares during the period. AustralianSuper Pty Ltd bought a new position in Jamf in the third quarter worth about $9,613,000. Finally, BNP Paribas Financial Markets boosted its stake in Jamf by 340.0% in the second quarter. BNP Paribas Financial Markets now owns 652,765 shares of the company’s stock valued at $6,208,000 after acquiring an additional 504,425 shares during the period. Institutional investors and hedge funds own 93.81% of the company’s stock.

Jamf Stock Up 0.5%

Shares of Jamf stock opened at $13.05 on Friday. Jamf Holding Corp. has a 12-month low of $7.09 and a 12-month high of $16.12. The firm has a market capitalization of $1.75 billion, a PE ratio of -40.78, a price-to-earnings-growth ratio of 1.77 and a beta of 0.52. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $13.01 and its 200-day moving average is $11.29.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.25 earnings per share for the quarter, topping 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 firm had revenue of $183.49 million for the quarter, compared to analysts’ expectations of $177.15 million. During the same quarter last year, the business posted $0.16 EPS. Jamf’s revenue was up 15.2% on a year-over-year basis. Equities analysts anticipate that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup cut shares of Jamf from a “market outperform” rating to a “market perform” rating in a research report on Wednesday, December 3rd. Piper Sandler cut Jamf from an “overweight” rating to a “hold” rating and set a $13.05 target price on the stock. in a research report on Wednesday, October 29th. Morgan Stanley boosted their price target on Jamf from $10.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 18th. Canaccord Genuity Group lowered Jamf from a “buy” rating to a “hold” rating and lowered their price target for the company from $15.00 to $13.05 in a report on Wednesday, October 29th. Finally, William Blair cut shares of Jamf from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th.

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.