Oppenheimer & Co. Inc. Has $956,000 Position in Endava plc (NYSE:DAVA)

Oppenheimer & Co. Inc. boosted its stake in Endava plc (NYSE:DAVA) by 44.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,423 shares of the company’s stock after purchasing an additional 11,482 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.06% of Endava worth $956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. bought a new stake in Endava in the 3rd quarter valued at about $30,000. Signaturefd LLC raised its position in shares of Endava by 84.1% during the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after purchasing an additional 886 shares during the period. Seven Eight Capital LP acquired a new position in shares of Endava during the second quarter worth approximately $216,000. Precision Wealth Strategies LLC grew its position in Endava by 6.7% in the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock valued at $219,000 after purchasing an additional 540 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Endava during the 2nd quarter valued at $263,000. 62.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Endava Stock Up 0.1 %

DAVA stock opened at $26.15 on Wednesday. The stock has a 50-day simple moving average of $26.56 and a two-hundred day simple moving average of $28.46. Endava plc has a twelve month low of $23.28 and a twelve month high of $81.06. The firm has a market capitalization of $1.51 billion, a PE ratio of 186.79 and a beta of 1.21. 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 (NYSE:DAVA) last posted its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). Endava had a return on equity of 1.10% and a net margin of 0.92%. The firm had revenue of $245.30 million for the quarter, compared to the consensus estimate of $248.65 million. On average, equities analysts predict that Endava plc will post 0.77 EPS 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.