RAM Investment Partners LLC Purchases 12,384 Shares of Endava plc (NYSE:DAVA)

RAM Investment Partners LLC raised its position in Endava plc (NYSE:DAVA) by 15.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 92,715 shares of the company’s stock after buying an additional 12,384 shares during the quarter. Endava comprises about 0.6% of RAM Investment Partners LLC’s portfolio, making the stock its 18th largest holding. RAM Investment Partners LLC’s holdings in Endava were worth $2,368,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DAVA. Blue Trust Inc. bought a new position in shares of Endava in the 3rd quarter valued at about $30,000. Headlands Technologies LLC acquired a new position in shares of Endava during the 1st quarter worth approximately $49,000. Signaturefd LLC increased its position in shares of Endava by 84.1% during the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after purchasing an additional 886 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Endava during the 2nd quarter worth approximately $216,000. Finally, Precision Wealth Strategies LLC boosted its holdings in shares of Endava by 6.7% in the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock valued at $219,000 after buying an additional 540 shares during the last quarter. Institutional investors and hedge funds 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 12-month low of $23.28 and a 12-month high of $81.06. The business has a 50 day moving average of $28.35 and a 200-day moving average of $29.08. 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 stock has a market cap of $1.46 billion, a PE ratio of 28.07 and a beta of 1.21.

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

Wall Street Analysts Forecast Growth

DAVA has been the topic of several analyst reports. JPMorgan Chase & Co. upped 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. Needham & Company LLC dropped their target price on shares of Endava from $42.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Susquehanna reduced their price target on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th. Finally, Guggenheim dropped their price objective on Endava from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Endava has a consensus 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.