Vontobel Holding Ltd. Invests $218,000 in Endava plc (NYSE:DAVA)

Vontobel Holding Ltd. bought a new position in shares of Endava plc (NYSE:DAVA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,800 shares of the company’s stock, valued at approximately $218,000.

Several other hedge funds have also modified their holdings of DAVA. Signaturefd LLC boosted its stake in shares of Endava by 194.9% during the 3rd quarter. Signaturefd LLC now owns 1,153 shares of the company’s stock worth $66,000 after acquiring an additional 762 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Endava by 41.8% during the 3rd quarter. Global Retirement Partners LLC now owns 1,234 shares of the company’s stock worth $69,000 after purchasing an additional 364 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Endava during the 4th quarter worth about $81,000. Citigroup Inc. raised its position in shares of Endava by 4,429.2% during the 3rd quarter. Citigroup Inc. now owns 2,174 shares of the company’s stock worth $125,000 after purchasing an additional 2,126 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in shares of Endava during the 3rd quarter worth about $149,000. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Price Performance

Shares of NYSE DAVA opened at $29.98 on Thursday. The company has a market capitalization of $1.73 billion, a P/E ratio of 20.68 and a beta of 1.10. The company has a 50 day simple moving average of $41.39 and a 200-day simple moving average of $57.81. Endava plc has a 1 year low of $29.54 and a 1 year high of $81.06.

Endava (NYSE:DAVA) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $227.96 million for the quarter, compared to analysts’ expectations of $231.07 million. Endava had a return on equity of 11.77% and a net margin of 8.88%. As a group, research analysts expect that Endava plc will post 0.62 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on DAVA. TD Cowen reduced their price target on shares of Endava from $85.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Citigroup cut their price objective on shares of Endava from $40.00 to $33.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. upgraded shares of Endava from a “neutral” rating to an “overweight” rating and set a $49.00 price objective for the company in a report on Tuesday, March 19th. Needham & Company LLC cut their price objective on shares of Endava from $70.00 to $50.00 and set a “buy” rating for the company in a report on Friday, March 1st. Finally, Guggenheim started coverage on shares of Endava in a report on Tuesday, March 19th. They issued a “buy” rating and a $60.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned 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 $55.56.

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.