Raymond James Financial Inc. Makes New Investment in Endava plc (NYSE:DAVA)

Raymond James Financial Inc. bought a new position in shares of Endava plc (NYSE:DAVA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DAVA. Assetmark Inc. boosted its holdings 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 boosted its holdings in Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after purchasing an additional 786 shares during the last quarter. Blue Trust Inc. grew its position in Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after purchasing an additional 331 shares in the last quarter. GAMMA Investing LLC increased its stake in Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock valued at $50,000 after buying an additional 745 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Endava by 60.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock worth $126,000 after buying an additional 1,538 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company's stock.

Endava Stock Performance

Shares of NYSE:DAVA traded down $0.52 during trading on Friday, hitting $18.37. 354,324 shares of the company were exchanged, compared to its average volume of 482,585. Endava plc has a 52-week low of $16.60 and a 52-week high of $34.94. The stock has a 50 day moving average of $20.82 and a 200 day moving average of $26.43. 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 company has a market cap of $1.08 billion, a PE ratio of 167.00, a P/E/G ratio of 2.26 and a beta of 1.33.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $250.63 million for the quarter, compared to analysts' expectations of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. As a group, equities research analysts predict that Endava plc will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on DAVA shares. Susquehanna decreased their price target on 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 target price on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, Needham & Company LLC cut their price target on shares of Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.