Endava plc (NYSE:DAVA) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Endava plc (NYSE:DAVA - Free Report) by 9.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 307,158 shares of the company's stock after buying an additional 26,964 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.52% of Endava worth $9,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. lifted its position in Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after buying an additional 475 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after acquiring an additional 331 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after acquiring an additional 745 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Endava by 60.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock worth $126,000 after purchasing an additional 1,538 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Endava in the 4th quarter valued at approximately $215,000. Hedge funds and other institutional investors own 62.23% of the company's stock.

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Endava Stock Down 8.0 %

Shares of DAVA stock traded down $1.56 during trading hours on Thursday, reaching $17.97. 215,321 shares of the stock were exchanged, compared to its average volume of 493,604. The business's fifty day moving average is $26.60 and its two-hundred day moving average is $27.59. The firm has a market capitalization of $1.06 billion, a P/E ratio of 163.36, a P/E/G ratio of 2.26 and a beta of 1.42. Endava plc has a 12-month low of $17.95 and a 12-month high of $37.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DAVA. Needham & Company LLC lowered their price target on Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Susquehanna lowered their target price on Endava from $55.00 to $50.00 and set a "positive" rating for the company in a report on Friday, February 21st. Finally, Morgan Stanley increased their price target 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. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.10.

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.