Oppenheimer & Co. Inc. Acquires 16,099 Shares of Endava plc (NYSE:DAVA)

Oppenheimer & Co. Inc. raised its stake in shares of Endava plc (NYSE:DAVA - Free Report) by 43.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,522 shares of the company's stock after purchasing an additional 16,099 shares during the quarter. Oppenheimer & Co. Inc. owned 0.09% of Endava worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Alberta Investment Management Corp grew its holdings in shares of Endava by 9.3% in the 4th quarter. Alberta Investment Management Corp now owns 1,384,902 shares of the company's stock worth $42,793,000 after purchasing an additional 118,081 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in Endava in the 4th quarter valued at about $442,000. Paradice Investment Management LLC increased its holdings in shares of Endava by 24.3% in the fourth quarter. Paradice Investment Management LLC now owns 931,024 shares of the company's stock valued at $28,769,000 after purchasing an additional 181,868 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Endava by 2.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 287,510 shares of the company's stock worth $8,884,000 after acquiring an additional 7,945 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Endava by 22.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 81,662 shares of the company's stock valued at $2,523,000 after acquiring an additional 15,173 shares during the period. 62.23% of the stock is owned by institutional investors and hedge funds.

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Endava Stock Up 1.3 %

DAVA traded up $0.30 during trading on Friday, reaching $23.07. The company had a trading volume of 333,239 shares, compared to its average volume of 414,930. The company has a market cap of $1.36 billion, a P/E ratio of 209.68, a PEG ratio of 2.26 and a beta of 1.42. Endava plc has a 12 month low of $22.30 and a 12 month high of $40.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The business's fifty day moving average price is $30.47 and its 200 day moving average price is $28.96.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.18). The firm had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. Equities analysts anticipate that Endava plc will post 0.57 EPS for the current year.

Analyst Ratings Changes

DAVA has been the subject of several recent research reports. TD Cowen boosted their price objective on Endava from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Needham & Company LLC reduced their price objective on shares of Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Susquehanna dropped their target price on shares of Endava from $55.00 to $50.00 and set a "positive" rating for the company in a research report on Friday, February 21st. Morgan Stanley raised their price target on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, Bank of America started coverage on Endava in a report on Friday, November 22nd. They issued a "neutral" rating and a $29.00 price objective for the company. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.10.

Endava Profile

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.