AEGON ASSET MANAGEMENT UK Plc Raises Stock Holdings in Endava plc (NYSE:DAVA)

AEGON ASSET MANAGEMENT UK Plc raised its position in Endava plc (NYSE:DAVA - Free Report) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 245,772 shares of the company's stock after buying an additional 19,669 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.43% of Endava worth $6,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in shares of Endava by 5.6% in the first quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company's stock valued at $353,000 after purchasing an additional 495 shares during the period. Precision Wealth Strategies LLC increased its holdings in shares of Endava by 6.7% in the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company's stock valued at $219,000 after purchasing an additional 540 shares during the period. Signaturefd LLC grew its holdings in Endava by 84.1% during the third quarter. Signaturefd LLC now owns 1,939 shares of the company's stock worth $50,000 after acquiring an additional 886 shares during the period. Portside Wealth Group LLC grew its holdings in Endava by 7.7% during the second quarter. Portside Wealth Group LLC now owns 15,268 shares of the company's stock worth $446,000 after acquiring an additional 1,090 shares during the period. Finally, Blue Trust Inc. acquired a new position in Endava during the third quarter worth $30,000. Institutional investors and hedge funds own 62.23% of the company's stock.

Endava Price Performance

Endava stock traded up $0.42 during trading hours on Friday, hitting $26.37. The stock had a trading volume of 892,688 shares, compared to its average volume of 447,806. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 73.25 and a beta of 1.21. Endava plc has a 1-year low of $23.28 and a 1-year high of $81.06. The stock's fifty day moving average is $26.87 and its two-hundred day moving average is $28.54.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). Endava had a net margin of 2.30% and a return on equity of 2.75%. The company had revenue of $245.30 million during the quarter, compared to analysts' expectations of $248.65 million. As a group, analysts predict that Endava plc will post 0.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. 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. JPMorgan Chase & Co. upped their price objective on Endava from $41.00 to $47.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Susquehanna dropped their price objective on Endava from $66.00 to $55.00 and set a "positive" rating on the stock in a report on Friday, September 20th. Needham & Company LLC dropped their price objective on Endava from $42.00 to $33.00 and set a "buy" rating on the stock in a report on Friday, September 20th. 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $41.21.

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.