Raymond James Financial Inc. Purchases 73,300 Shares of Endava PLC Sponsored ADR $DAVA

Key Points

• Raymond James Financial Inc. increased its position in Endava PLC Sponsored ADR ($DAVA) by 15.4%, owning approximately 0.93% of the company, valued at $10.71 million after a recent acquisition of 73,300 shares.
• Several institutional investors have significantly raised their stakes in Endava, with Barclays PLC notably increasing its position by 22,933.3% during the last quarter.
• Endava's current stock has shown volatility with a 52-week range between $11.63 and $34.94, and research analysts maintain a consensus rating of "Hold" for the stock, with an average price target of $24.56.

Raymond James Financial Inc. boosted its position in shares of Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) by 15.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 548,963 shares of the company's stock after acquiring an additional 73,300 shares during the period. Raymond James Financial Inc. owned approximately 0.93% of Endava worth $10,710,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its position in shares of Endava by 182.3% during the first quarter. M&T Bank Corp now owns 39,499 shares of the company's stock valued at $770,000 after purchasing an additional 25,506 shares during the period. Two Sigma Investments LP boosted its stake in Endava by 165.0% during the fourth quarter. Two Sigma Investments LP now owns 59,089 shares of the company's stock worth $1,826,000 after buying an additional 36,789 shares in the last quarter. GAMMA Investing LLC increased its holdings in Endava by 1,029.1% in the 1st quarter. GAMMA Investing LLC now owns 18,144 shares of the company's stock valued at $354,000 after buying an additional 16,537 shares during the period. Janney Montgomery Scott LLC increased its holdings in Endava by 85.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 47,125 shares of the company's stock valued at $919,000 after buying an additional 21,773 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Endava by 100.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 251,407 shares of the company's stock valued at $4,905,000 after buying an additional 126,158 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company's stock.

Endava Trading Down 30.1%

Shares of NYSE:DAVA traded down $4.34 during trading on Thursday, hitting $10.05. 7,039,130 shares of the company's stock were exchanged, compared to its average volume of 732,035. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.21. The firm has a market cap of $592.97 million, a P/E ratio of 26.43 and a beta of 1.13. The firm has a 50-day moving average price of $13.84 and a two-hundred day moving average price of $17.27. Endava PLC Sponsored ADR has a 1-year low of $9.84 and a 1-year high of $34.94.

Endava (NYSE:DAVA - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.10). Endava had a net margin of 2.33% and a return on equity of 3.59%. Endava has set its FY 2026 guidance at 1.110-1.270 EPS. Q1 2026 guidance at 0.230-0.26 EPS. Equities analysts predict that Endava PLC Sponsored ADR will post 0.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

DAVA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Endava in a research report on Thursday, July 17th. They set a "hold" rating and a $14.00 target price on the stock. Cowen cut Endava from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Wall Street Zen lowered Endava from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Susquehanna lowered their price target on Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a research report on Tuesday, May 20th. Finally, Needham & Company LLC lifted their price objective on Endava from $18.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $24.56.

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.