RAM Investment Partners LLC Has $2.37 Million Stake in Endava plc (NYSE:DAVA)

RAM Investment Partners LLC raised its holdings in Endava plc (NYSE:DAVA) by 15.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,715 shares of the company’s stock after purchasing an additional 12,384 shares during the quarter. Endava makes up about 0.6% of RAM Investment Partners LLC’s investment portfolio, making the stock its 18th largest position. RAM Investment Partners LLC owned approximately 0.16% of Endava worth $2,368,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DAVA. George Kaiser Family Foundation bought a new stake in shares of Endava during the first quarter valued at approximately $1,136,000. SG Americas Securities LLC bought a new position in Endava in the 1st quarter valued at $832,000. XTX Topco Ltd acquired a new stake in shares of Endava in the 2nd quarter valued at $941,000. Silvercrest Asset Management Group LLC raised its position in shares of Endava by 9.8% during the first quarter. Silvercrest Asset Management Group LLC now owns 311,992 shares of the company’s stock worth $11,868,000 after acquiring an additional 27,797 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Endava during the first quarter valued at $841,000. Institutional investors own 62.23% of the company’s stock.

Endava Trading Down 2.3 %

Shares of NYSE DAVA opened at $25.26 on Thursday. Endava plc has a twelve month low of $23.28 and a twelve month high of $81.06. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 28.07 and a beta of 1.21. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The company’s fifty day moving average is $28.35 and its 200-day moving average is $29.08.

Endava (NYSE:DAVA) last posted its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The business had revenue of $245.30 million during the quarter, compared to analyst estimates of $248.65 million. Endava had a net margin of 2.30% and a return on equity of 2.76%. Equities research analysts predict that Endava plc will post 0.77 EPS for the current year.

Analyst Ratings Changes

DAVA has been the subject of a number of research reports. Needham & Company LLC lowered their price objective on Endava from $42.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. lifted their price target on shares of Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Susquehanna cut 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, September 20th. Finally, Guggenheim reduced their price objective on shares of Endava from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.31.

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.