Oppenheimer Asset Management Inc. Makes New $215,000 Investment in Endava plc (NYSE:DAVA)

Oppenheimer Asset Management Inc. purchased a new position in Endava plc (NYSE:DAVA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,951 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. lifted its stake in Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after buying an additional 331 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after acquiring an additional 745 shares during the last quarter. Alliance Wealth Advisors LLC UT purchased a new position in shares of Endava in the fourth quarter valued at approximately $222,000. Precision Wealth Strategies LLC boosted its stake in shares of Endava by 4.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company’s stock worth $277,000 after acquiring an additional 383 shares during the last quarter. Finally, Strengthening Families & Communities LLC increased its position in shares of Endava by 11.4% during the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock worth $233,000 after purchasing an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Stock Up 1.3 %

DAVA stock opened at $23.07 on Friday. Endava plc has a one year low of $22.30 and a one year high of $40.65. The firm has a market cap of $1.36 billion, a PE ratio of 209.68, a PEG ratio of 2.26 and a beta of 1.42. The firm’s 50 day moving average price is $30.33 and its 200-day moving average price is $28.91. 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 posted its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The business had revenue of $250.63 million during the quarter, compared to analysts’ expectations of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. On average, equities research analysts anticipate that Endava plc will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DAVA shares. TD Cowen raised their price objective on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Susquehanna decreased their price target on shares of Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday, February 21st. Bank of America started coverage on shares of Endava in a research note on Friday, November 22nd. They set a “neutral” rating and a $29.00 price objective for the company. Needham & Company LLC decreased their target price on shares of Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Morgan Stanley boosted their target price on Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Endava has a consensus rating of “Moderate Buy” and a consensus price target of $39.10.

About Endava

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.