Oppenheimer & Co. Inc. Raises Stock Holdings in Endava plc (NYSE:DAVA)

Oppenheimer & Co. Inc. raised its stake in shares of Endava plc (NYSE:DAVA) by 44.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 37,423 shares of the company’s stock after purchasing an additional 11,482 shares during the period. Oppenheimer & Co. Inc.’s holdings in Endava were worth $956,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAVA. Blue Trust Inc. bought a new position in shares of Endava during the 3rd quarter valued at about $30,000. Signaturefd LLC grew its position in Endava by 84.1% during the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after acquiring an additional 886 shares during the last quarter. Seven Eight Capital LP bought a new position in Endava during the second quarter valued at approximately $216,000. Cetera Advisors LLC raised its stake in shares of Endava by 35.4% during the first quarter. Cetera Advisors LLC now owns 8,065 shares of the company’s stock worth $307,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Precision Wealth Strategies LLC lifted its holdings in shares of Endava by 6.7% in the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after acquiring an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Stock Performance

NYSE:DAVA opened at $26.15 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava plc has a twelve month low of $23.28 and a twelve month high of $81.06. The stock has a market cap of $1.51 billion, a P/E ratio of 186.79 and a beta of 1.21. The firm’s fifty day simple moving average is $26.56 and its 200 day simple moving average is $28.46.

Endava (NYSE:DAVA) last announced its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). Endava had a net margin of 0.92% and a return on equity of 1.10%. The company had revenue of $245.30 million for the quarter, compared to analysts’ expectations of $248.65 million. As a group, research analysts predict that Endava plc will post 0.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Guggenheim reduced their target price on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Citigroup lowered their target price on Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Susquehanna reduced their price target on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research report on Friday, September 20th. Finally, Needham & Company LLC boosted their price objective on Endava from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.91.

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.