PNC Financial Services Group Inc. Has $414,000 Position in Endava plc (NYSE:DAVA)

PNC Financial Services Group Inc. grew its holdings in Endava plc (NYSE:DAVAFree Report) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,316 shares of the company’s stock after buying an additional 833 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Endava were worth $414,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC increased its position in Endava by 34.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,424 shares of the company’s stock valued at $111,000 after acquiring an additional 368 shares in the last quarter. Azimuth Capital Investment Management LLC increased its holdings in shares of Endava by 1.7% in the third quarter. Azimuth Capital Investment Management LLC now owns 47,040 shares of the company’s stock valued at $2,698,000 after purchasing an additional 790 shares in the last quarter. Institute for Wealth Management LLC. raised its position in Endava by 14.5% in the 4th quarter. Institute for Wealth Management LLC. now owns 6,818 shares of the company’s stock worth $531,000 after purchasing an additional 861 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Endava by 13.3% during the 4th quarter. BNP Paribas Financial Markets now owns 8,778 shares of the company’s stock worth $683,000 after buying an additional 1,033 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new position in Endava in the 4th quarter valued at $81,000. 62.23% of the stock is owned by institutional investors.

Endava Stock Performance

DAVA opened at $26.08 on Tuesday. The firm’s fifty day moving average is $31.40 and its two-hundred day moving average is $52.89. The firm has a market cap of $1.51 billion, a PE ratio of 28.98 and a beta of 1.14. Endava plc has a twelve month low of $26.07 and a twelve month high of $81.06.

Endava (NYSE:DAVAGet Free Report) last released its quarterly earnings data on Thursday, May 23rd. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). The firm had revenue of $221.14 million during the quarter, compared to the consensus estimate of $220.59 million. Endava had a net margin of 5.69% and a return on equity of 7.13%. Equities analysts forecast that Endava plc will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DAVA. JPMorgan Chase & Co. dropped their target price on Endava from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Morgan Stanley restated an “equal weight” rating and set a $40.00 target price on shares of Endava in a research report on Monday, April 22nd. TD Cowen lowered their price target on shares of Endava from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Wedbush cut their price objective on shares of Endava from $65.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, May 23rd. Finally, Guggenheim lowered their target price on shares of Endava from $60.00 to $55.00 and set a “buy” rating for the company in a report on Friday, May 24th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.41.

View Our Latest Stock Analysis on Endava

About Endava

(Free Report)

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.

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Institutional Ownership by Quarter for Endava (NYSE:DAVA)

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