Oppenheimer & Co. Inc. Buys 16,099 Shares of Endava plc (NYSE:DAVA)

Oppenheimer & Co. Inc. boosted its position in Endava plc (NYSE:DAVA) by 43.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,522 shares of the company’s stock after purchasing an additional 16,099 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.09% of Endava worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in DAVA. Raymond James & Associates lifted its stake in Endava by 3.4% in the third quarter. Raymond James & Associates now owns 107,042 shares of the company’s stock worth $2,734,000 after purchasing an additional 3,513 shares during the last quarter. US Bancorp DE grew its holdings in shares of Endava by 15.3% in the third quarter. US Bancorp DE now owns 18,058 shares of the company’s stock worth $461,000 after purchasing an additional 2,398 shares during the last quarter. Malaga Cove Capital LLC grew its holdings in shares of Endava by 5.3% in the third quarter. Malaga Cove Capital LLC now owns 36,617 shares of the company’s stock worth $935,000 after purchasing an additional 1,858 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of Endava by 27.9% in the third quarter. Kornitzer Capital Management Inc. KS now owns 279,565 shares of the company’s stock worth $7,140,000 after purchasing an additional 60,941 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of Endava by 8.7% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock worth $6,279,000 after purchasing an additional 19,669 shares during the last quarter. Institutional investors own 62.23% of the company’s stock.

Endava Stock Performance

DAVA stock opened at $23.72 on Tuesday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 215.64, a PEG ratio of 2.26 and a beta of 1.22. The firm has a 50-day simple moving average of $31.08 and a two-hundred day simple moving average of $29.13. Endava plc has a one year low of $23.28 and a one year high of $40.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90.

Endava (NYSE:DAVA) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The firm had revenue of $250.63 million for the quarter, compared to analysts’ expectations of $197.33 million. On average, equities analysts forecast that Endava plc will post 0.57 EPS for the current fiscal year.

Analysts Set New Price Targets

DAVA has been the topic of a number of research analyst reports. Susquehanna cut their price target on shares of Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Friday, February 21st. Needham & Company LLC decreased their target price on Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Bank of America initiated coverage on Endava in a research report on Friday, November 22nd. They set a “neutral” rating and a $29.00 target price for the company. TD Cowen lifted their target price on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, 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 report on Friday, January 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.