Endava plc (NYSE:DAVA) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in Endava plc (NYSE:DAVA) by 74.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,390 shares of the company’s stock after acquiring an additional 49,344 shares during the quarter. Russell Investments Group Ltd.’s holdings in Endava were worth $8,983,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. bought a new position in shares of Endava in the fourth quarter valued at approximately $81,000. Signaturefd LLC boosted its stake in Endava by 194.9% during the 3rd quarter. Signaturefd LLC now owns 1,153 shares of the company’s stock valued at $66,000 after purchasing an additional 762 shares in the last quarter. Citigroup Inc. increased 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 valued at $125,000 after purchasing an additional 2,126 shares during the period. Y.D. More Investments Ltd bought a new stake in shares of Endava in the 3rd quarter worth $149,000. Finally, Truist Financial Corp acquired a new stake in shares of Endava in the fourth quarter valued at $207,000. Institutional investors own 62.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen dropped their price target on shares of Endava from $85.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Guggenheim started coverage on shares of Endava in a research note on Tuesday, March 19th. They issued a “buy” rating and a $60.00 price objective on the stock. Needham & Company LLC cut their target price on shares of Endava from $70.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Citigroup reduced their target price on shares of Endava from $40.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Endava from $49.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

Endava Stock Performance

Endava stock opened at $32.18 on Tuesday. Endava plc has a twelve month low of $28.99 and a twelve month high of $81.06. The firm has a market cap of $1.86 billion, a PE ratio of 22.19 and a beta of 1.14. The firm’s 50 day moving average price is $35.59 and its two-hundred day moving average price is $56.23.

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

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.