Endava plc (NYSE:DAVA) Stake Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in Endava plc (NYSE:DAVA) by 27.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,773 shares of the company’s stock after acquiring an additional 14,566 shares during the period. Daiwa Securities Group Inc. owned approximately 0.11% of Endava worth $2,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Assetmark Inc. boosted its holdings in Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after buying an additional 475 shares in the last quarter. Blue Trust Inc. boosted its holdings in Endava by 28.5% during the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after buying an additional 331 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after buying an additional 745 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Endava by 60.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company’s stock worth $126,000 after buying an additional 1,538 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in Endava during the fourth quarter worth approximately $215,000. 62.23% of the stock is currently owned by institutional investors.

Endava Stock Up 1.1 %

DAVA stock opened at $20.92 on Friday. Endava plc has a 12-month low of $20.50 and a 12-month high of $40.65. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 190.18, a PEG ratio of 2.26 and a beta of 1.42. The company has a 50 day moving average of $29.36 and a two-hundred day moving average of $28.59.

Endava (NYSE:DAVA) last released its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Endava had a return on equity of 0.89% and a net margin of 0.74%. The company had revenue of $250.63 million during the quarter, compared to analysts’ expectations of $197.33 million. On average, equities analysts anticipate that Endava plc will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DAVA. Susquehanna reduced their target price on shares of Endava from $55.00 to $50.00 and set a “positive” rating for the company in a report on Friday, February 21st. Morgan Stanley raised their target price on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Bank of America assumed coverage on shares of Endava in a research note on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective for the company. Finally, Needham & Company LLC decreased their price objective on shares of Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Four research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $39.10.

Endava 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.