Mackenzie Financial Corp Has $3.01 Million Position in Endava plc (NYSE:DAVA)

Mackenzie Financial Corp reduced its holdings in Endava plc (NYSE:DAVAGet Rating) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,046 shares of the company’s stock after selling 1,452 shares during the quarter. Mackenzie Financial Corp owned about 0.06% of Endava worth $3,005,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pendal Group Ltd grew its position in Endava by 1.6% during the second quarter. Pendal Group Ltd now owns 8,201 shares of the company’s stock worth $724,000 after buying an additional 133 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Endava by 23.2% during the second quarter. Harbor Investment Advisory LLC now owns 766 shares of the company’s stock worth $68,000 after buying an additional 144 shares in the last quarter. Park Avenue Securities LLC grew its position in Endava by 17.1% during the first quarter. Park Avenue Securities LLC now owns 1,707 shares of the company’s stock worth $227,000 after buying an additional 249 shares in the last quarter. Captrust Financial Advisors grew its position in Endava by 30.5% during the first quarter. Captrust Financial Advisors now owns 1,218 shares of the company’s stock worth $162,000 after buying an additional 285 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Endava by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 111,362 shares of the company’s stock worth $14,814,000 after buying an additional 300 shares in the last quarter. 52.49% of the stock is owned by institutional investors and hedge funds.

Endava Trading Up 0.4 %

NYSE:DAVA opened at $79.08 on Monday. Endava plc has a 1 year low of $61.55 and a 1 year high of $170.88. The firm has a 50 day moving average of $74.93 and a 200-day moving average of $89.86. The stock has a market capitalization of $4.41 billion, a P/E ratio of 38.02 and a beta of 1.21.

Endava (NYSE:DAVAGet Rating) last posted its earnings results on Tuesday, September 27th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.19. Endava had a net margin of 13.26% and a return on equity of 22.06%. The company had revenue of $226.82 million during the quarter, compared to analysts’ expectations of $219.99 million. As a group, analysts forecast that Endava plc will post 2.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DAVA has been the subject of a number of analyst reports. Needham & Company LLC cut their price target on shares of Endava from $112.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, November 16th. Wedbush cut their price target on shares of Endava from $120.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, September 28th. Susquehanna Bancshares raised their price target on shares of Endava from $110.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, November 16th. Morgan Stanley cut their price target on shares of Endava from $130.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, September 28th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Endava from $94.00 to $78.00 in a research note on Wednesday, September 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Endava currently has an average rating of “Moderate Buy” and a consensus price target of $107.00.

Endava Company Profile

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Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. The company offers technology and digital advisory services for payments and financial services, and TMT sectors; IT strategies; business analysis services; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.

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Institutional Ownership by Quarter for Endava (NYSE:DAVA)

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