Raymond James Financial Inc. Takes $14.70 Million Position in Endava plc (NYSE:DAVA)

Raymond James Financial Inc. acquired a new stake in Endava plc (NYSE:DAVA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 475,663 shares of the company's stock, valued at approximately $14,698,000. Raymond James Financial Inc. owned 0.81% of Endava at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after acquiring an additional 475 shares during the last quarter. Blue Trust Inc. boosted its holdings in Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after acquiring an additional 331 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock valued at $50,000 after acquiring an additional 745 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Endava in the fourth quarter valued at approximately $215,000. Finally, Alliance Wealth Advisors LLC UT bought a new stake in Endava in the fourth quarter valued at approximately $222,000. Institutional investors and hedge funds own 62.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Susquehanna cut their price target on Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a report on Friday, February 21st. Morgan Stanley increased their price target on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. 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 report on Friday, February 21st. Finally, Bank of America assumed coverage on Endava in a report on Friday, November 22nd. They set a "neutral" rating and a $29.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.10.

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Endava Stock Up 1.2 %

Shares of DAVA traded up $0.26 during trading hours on Friday, reaching $21.62. The stock had a trading volume of 461,801 shares, compared to its average volume of 487,279. Endava plc has a 12 month low of $20.50 and a 12 month high of $39.19. The firm has a 50-day simple moving average of $28.40 and a 200 day simple moving average of $28.24. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 196.57, a P/E/G ratio of 2.26 and a beta of 1.42.

Endava (NYSE:DAVA - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (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 return on equity of 0.89% and a net margin of 0.74%. Equities research analysts predict that Endava plc will post 0.57 earnings per share for the current fiscal year.

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.