475,663 Shares in Endava plc (NYSE:DAVA) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Endava plc (NYSE:DAVA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 475,663 shares of the company's stock, valued at approximately $14,698,000. Raymond James Financial Inc. owned approximately 0.81% of Endava as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after acquiring an additional 475 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Endava by 114.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock valued at $46,000 after buying an additional 786 shares in the last quarter. Blue Trust Inc. lifted its position in Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after buying an additional 331 shares in the last quarter. GAMMA Investing LLC grew its holdings in Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after acquiring an additional 745 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Endava by 60.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock valued at $126,000 after acquiring an additional 1,538 shares in the last quarter. 62.23% of the stock is owned by institutional investors.

Endava Trading Down 2.7 %

NYSE:DAVA traded down $0.50 during trading hours on Friday, hitting $18.39. The stock had a trading volume of 281,575 shares, compared to its average volume of 481,946. Endava plc has a one year low of $16.60 and a one year high of $34.94. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 167.17, a P/E/G ratio of 2.26 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The business's 50 day moving average is $21.11 and its 200-day moving average is $26.47.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DAVA shares. Susquehanna decreased their price target on shares of Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a research note on Friday, February 21st. Morgan Stanley lifted their target price on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, Needham & Company LLC cut their price target on Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $39.10.

Endava Company 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.