Raymond James & Associates Raises Stock Position in Endava plc (NYSE:DAVA)

Raymond James & Associates boosted its position in shares of Endava plc (NYSE:DAVA – Get Rating) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,236 shares of the company’s stock after purchasing an additional 10,965 shares during the period. Raymond James & Associates owned approximately 0.10% of Endava worth $4,455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of Endava by 3.1% in the third quarter. Royal Bank of Canada now owns 7,323 shares of the company’s stock valued at $590,000 after purchasing an additional 218 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of Endava by 0.6% in the fourth quarter. Essex Investment Management Co. LLC now owns 45,499 shares of the company’s stock valued at $3,481,000 after purchasing an additional 283 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Endava by 30.5% in the first quarter. Captrust Financial Advisors now owns 1,218 shares of the company’s stock valued at $162,000 after purchasing an additional 285 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Endava by 433.3% in the third quarter. Tower Research Capital LLC TRC now owns 480 shares of the company’s stock valued at $39,000 after purchasing an additional 390 shares in the last quarter. Finally, Select Equity Group L.P. grew its holdings in shares of Endava by 5.9% in the first quarter. Select Equity Group L.P. now owns 7,086 shares of the company’s stock valued at $943,000 after purchasing an additional 394 shares in the last quarter. 52.15% of the stock is owned by hedge funds and other institutional investors.

Endava Trading Down 3.5 %

Shares of Endava stock opened at $54.19 on Wednesday. The company has a fifty day simple moving average of $59.12 and a 200-day simple moving average of $72.16. Endava plc has a 12-month low of $48.09 and a 12-month high of $115.86. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 26.83 and a beta of 1.16.

Wall Street Analyst Weigh In

Several research analysts have commented on DAVA shares. Morgan Stanley lowered their price target on shares of Endava from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 15th. Needham & Company LLC lowered their price target on shares of Endava from $100.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, February 15th. Cowen lowered their price target on shares of Endava from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, February 15th. Citigroup lowered their price target on shares of Endava from $95.00 to $85.00 in a report on Monday, May 1st. Finally, TheStreet cut shares of Endava from a “b-” rating to a “c+” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $96.25.

About Endava

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Endava Plc engages in the provision of technology services. It focuses on finance, insurance, telecommunications, media, and retail companies. The company was founded by John Edward Cotterell in 2000 and is headquartered in London, the United Kingdom.