Endava plc (NYSE:DAVA) Shares Acquired by Fmr LLC

Fmr LLC boosted its holdings in shares of Endava plc (NYSE:DAVA) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 952,515 shares of the company’s stock after purchasing an additional 13,106 shares during the period. Fmr LLC owned approximately 1.65% of Endava worth $24,327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DAVA. Mawer Investment Management Ltd. lifted its stake in Endava by 613.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock valued at $30,610,000 after purchasing an additional 1,030,403 shares during the last quarter. Paradice Investment Management LLC acquired a new stake in Endava during the second quarter valued at approximately $18,695,000. Fourth Sail Capital LP lifted its position in shares of Endava by 36.2% in the 3rd quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock valued at $23,782,000 after acquiring an additional 247,418 shares in the last quarter. Millennium Management LLC lifted its position in shares of Endava by 64.5% in the 2nd quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock valued at $16,697,000 after acquiring an additional 223,964 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Endava by 4,578.4% in the 2nd quarter. Acadian Asset Management LLC now owns 169,500 shares of the company’s stock valued at $4,949,000 after acquiring an additional 165,877 shares in the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DAVA has been the topic of several research reports. Susquehanna dropped their price objective on shares of Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. TD Cowen increased their price target on shares of Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Needham & Company LLC increased their price target on shares of Endava from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Bank of America assumed coverage on shares of Endava in a research note on Friday, November 22nd. They set a “neutral” rating and a $29.00 price target on the stock. Finally, Guggenheim dropped their price target on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.83.

Endava Price Performance

NYSE DAVA opened at $29.95 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $26.46 and a 200 day simple moving average of $28.23. The company has a market cap of $1.77 billion, a P/E ratio of 213.93, a P/E/G ratio of 2.12 and a beta of 1.24. Endava plc has a 1 year low of $23.28 and a 1 year high of $81.06.

Endava (NYSE:DAVA) last issued its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). Endava had a net margin of 0.92% and a return on equity of 1.10%. The company had revenue of $245.30 million during the quarter, compared to the consensus estimate of $248.65 million. On average, sell-side analysts predict that Endava plc will post 0.65 EPS for the current year.

Endava Company 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.