AEGON ASSET MANAGEMENT UK Plc Boosts Stock Position in Endava plc (NYSE:DAVA)

AEGON ASSET MANAGEMENT UK Plc raised its position in Endava plc (NYSE:DAVA - Free Report) by 35.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 332,642 shares of the company's stock after buying an additional 86,870 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.56% of Endava worth $10,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Mawer Investment Management Ltd. increased its holdings in shares of Endava by 613.0% in 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 period. State Street Corp increased its holdings in shares of Endava by 33.0% in the third quarter. State Street Corp now owns 80,148 shares of the company's stock valued at $2,047,000 after purchasing an additional 19,884 shares during the period. Horrell Capital Management Inc. increased its holdings in shares of Endava by 76.5% in the third quarter. Horrell Capital Management Inc. now owns 150,000 shares of the company's stock valued at $3,831,000 after purchasing an additional 65,000 shares during the period. Fourth Sail Capital LP grew its holdings in Endava by 36.2% during the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company's stock worth $23,782,000 after acquiring an additional 247,418 shares during the period. Finally, 272 Capital LP grew its holdings in Endava by 156.3% during the third quarter. 272 Capital LP now owns 145,146 shares of the company's stock worth $3,707,000 after acquiring an additional 88,518 shares during the period. Institutional investors and hedge funds own 62.23% of the company's stock.

Endava Price Performance

Shares of DAVA stock traded up $0.33 during mid-day trading on Friday, reaching $32.21. The stock had a trading volume of 177,274 shares, compared to its average volume of 287,269. 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 market cap of $1.90 billion, a P/E ratio of 230.05, a price-to-earnings-growth ratio of 2.23 and a beta of 1.22. Endava plc has a 12-month low of $23.28 and a 12-month high of $76.67. The business has a 50-day simple moving average of $30.16 and a 200 day simple moving average of $29.04.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DAVA shares. Bank of America started coverage on Endava in a report on Friday, November 22nd. They set a "neutral" rating and a $29.00 price objective on the stock. TD Cowen upped their price objective on Endava from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Citigroup dropped their price objective on Endava from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, October 28th. Needham & Company LLC upped their price objective on Endava from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, Guggenheim dropped their price objective on Endava from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.46.

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.