Oppenheimer Asset Management Inc. Decreases Stock Holdings in Endava plc (NYSE:DAVA)

Oppenheimer Asset Management Inc. cut its stake in Endava plc (NYSE:DAVA) by 18.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,964 shares of the company’s stock after selling 1,585 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Endava were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in DAVA. US Bancorp DE boosted its holdings in Endava by 2,113.9% in the 4th quarter. US Bancorp DE now owns 16,427 shares of the company’s stock valued at $1,279,000 after purchasing an additional 15,685 shares during the last quarter. George Kaiser Family Foundation purchased a new position in Endava in the first quarter worth approximately $1,136,000. SG Americas Securities LLC purchased a new position in Endava in the first quarter worth approximately $832,000. Neuberger Berman Group LLC acquired a new stake in Endava during the fourth quarter worth $1,837,000. Finally, Advisory Services Network LLC raised its position in Endava by 51.8% in the fourth quarter. Advisory Services Network LLC now owns 5,749 shares of the company’s stock valued at $448,000 after purchasing an additional 1,963 shares during the period. Institutional investors and hedge funds own 62.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DAVA shares. Guggenheim lowered their price target on Endava from $55.00 to $45.00 and set a “buy” rating for the company in a report on Monday, September 16th. Needham & Company LLC lowered their target price on shares of Endava from $42.00 to $33.00 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, Susquehanna decreased their price objective on shares of Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.31.

Endava Stock Down 3.8 %

Shares of DAVA stock opened at $26.62 on Monday. Endava plc has a 52 week low of $24.51 and a 52 week high of $81.06. The firm has a 50 day moving average of $30.58 and a two-hundred day moving average of $30.91. The stock has a market capitalization of $1.54 billion, a PE ratio of 29.58 and a beta of 1.22.

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.