Raymond James Financial Inc. Increases Stock Position in Endava PLC Sponsored ADR $DAVA

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in DAVA. Barclays PLC lifted its position in Endava by 22,933.3% during the fourth quarter. Barclays PLC now owns 17,275 shares of the company’s stock valued at $533,000 after buying an additional 17,200 shares during the period. State of Tennessee Department of Treasury purchased a new position in Endava during the fourth quarter valued at $100,000. Alyeska Investment Group L.P. lifted its position in Endava by 80.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,806,044 shares of the company’s stock valued at $55,807,000 after buying an additional 805,903 shares during the period. Circumference Group LLC raised its position in shares of Endava by 12.7% in the 4th quarter. Circumference Group LLC now owns 169,000 shares of the company’s stock worth $5,222,000 after purchasing an additional 19,000 shares during the last quarter. Finally, Findell Capital Management LLC raised its position in shares of Endava by 12.8% in the 4th quarter. Findell Capital Management LLC now owns 440,000 shares of the company’s stock worth $13,596,000 after purchasing an additional 50,000 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Price Performance

Shares of NYSE:DAVA opened at $14.72 on Friday. Endava PLC Sponsored ADR has a fifty-two week low of $11.63 and a fifty-two week high of $34.94. The business has a 50-day simple moving average of $13.83 and a two-hundred day simple moving average of $17.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.18 and a current ratio of 2.18. The firm has a market cap of $868.86 million, a price-to-earnings ratio of 38.73 and a beta of 1.12.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DAVA. Cowen lowered Endava from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Susquehanna lowered their price target on Endava from $50.00 to $42.00 and set a “positive” rating for the company in a research report on Tuesday, May 20th. JPMorgan Chase & Co. lowered their price target on Endava from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Needham & Company LLC lifted their price target on Endava from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Finally, Guggenheim lowered their price target on Endava from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus 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.