Endava plc (NYSE:DAVA) Shares Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp grew its holdings in Endava plc (NYSE:DAVA - Free Report) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,384,902 shares of the company's stock after purchasing an additional 118,081 shares during the quarter. Alberta Investment Management Corp owned about 2.35% of Endava worth $42,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mawer Investment Management Ltd. increased its holdings in shares of Endava by 613.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company's stock worth $30,610,000 after buying an additional 1,030,403 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Endava by 8.7% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company's stock worth $6,279,000 after buying an additional 19,669 shares during the last quarter. State Street Corp increased its holdings in shares of Endava by 33.0% during the 3rd quarter. State Street Corp now owns 80,148 shares of the company's stock worth $2,047,000 after buying an additional 19,884 shares during the last quarter. Horrell Capital Management Inc. increased its holdings in shares of Endava by 76.5% during the 3rd quarter. Horrell Capital Management Inc. now owns 150,000 shares of the company's stock worth $3,831,000 after buying an additional 65,000 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Endava by 13.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company's stock valued at $6,313,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 62.23% of the company's stock.

Endava Stock Performance

NYSE:DAVA traded down $2.24 during midday trading on Friday, reaching $26.06. The stock had a trading volume of 1,032,625 shares, compared to its average volume of 349,095. The firm has a fifty day simple moving average of $31.65 and a two-hundred day simple moving average of $29.27. Endava plc has a 12-month low of $23.28 and a 12-month high of $68.58. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.54 billion, a P/E ratio of 236.91, a P/E/G ratio of 2.26 and a beta of 1.22.

Endava (NYSE:DAVA - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The business had revenue of $250.63 million during the quarter, compared to analyst estimates of $197.33 million. On average, equities analysts expect that Endava plc will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup cut their price objective on shares of 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 cut their price objective on shares of Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a report on Friday. TD Cowen raised their target price on shares of Endava from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Morgan Stanley raised their target price on shares of Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, Bank of America initiated coverage on shares of Endava in a research report on Friday, November 22nd. They set a "neutral" rating and a $29.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $39.10.

About Endava

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.