Raymond James & Associates raised its position in Endava plc (NYSE:DAVA – Get Rating) by 6.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 47,271 shares of the company’s stock after buying an additional 2,767 shares during the period. Raymond James & Associates owned about 0.08% of Endava worth $3,811,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of DAVA. Raymond James Financial Services Advisors Inc. boosted its position in Endava by 113.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,428 shares of the company’s stock valued at $456,000 after buying an additional 1,819 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Endava by 61.6% in the 1st quarter. Bank of New York Mellon Corp now owns 2,061 shares of the company’s stock valued at $274,000 after buying an additional 786 shares during the last quarter. Cetera Advisor Networks LLC bought a new position in Endava in the 1st quarter valued at $363,000. Citigroup Inc. lifted its stake in shares of Endava by 1,461.2% in the 1st quarter. Citigroup Inc. now owns 10,913 shares of the company’s stock valued at $1,451,000 after purchasing an additional 10,214 shares during the period. Finally, Synovus Financial Corp lifted its stake in shares of Endava by 32.4% in the 1st quarter. Synovus Financial Corp now owns 9,044 shares of the company’s stock valued at $1,204,000 after purchasing an additional 2,211 shares during the period. 52.15% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on DAVA shares. Needham & Company LLC cut their price target on Endava from $112.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, November 16th. Morgan Stanley cut their price target on Endava from $130.00 to $95.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 28th. Wedbush cut their price target on Endava from $120.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 28th. Susquehanna Bancshares increased their price target on Endava from $110.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, November 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Endava from $94.00 to $78.00 in a research note on Wednesday, September 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.44.
Endava Price Performance
Endava (NYSE:DAVA – Get Rating) last released its quarterly earnings results on Tuesday, November 15th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.28. Endava had a return on equity of 22.06% and a net margin of 13.26%. The firm had revenue of $231.01 million for the quarter, compared to the consensus estimate of $205.56 million. Sell-side analysts anticipate that Endava plc will post 2.12 earnings per share for the current fiscal year.
Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. It offers technology and digital advisory services for payments and financial services, and TMT sectors; IT strategies; business analysis services; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.
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