Natixis Advisors LLC Acquires 14,023 Shares of Endava plc (NYSE:DAVA)

Natixis Advisors LLC grew its position in Endava plc (NYSE:DAVA - Free Report) by 44.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,340 shares of the company's stock after buying an additional 14,023 shares during the quarter. Natixis Advisors LLC owned 0.08% of Endava worth $1,401,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms recently issued reports on DAVA. Needham & Company LLC cut their price target on shares of Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Susquehanna decreased their price target on shares of 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 upped their price objective on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $39.10.

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Endava Stock Down 3.6 %

Shares of NYSE:DAVA traded down $0.75 during trading on Friday, reaching $19.93. 478,770 shares of the company traded hands, compared to its average volume of 498,362. Endava plc has a 1-year low of $19.77 and a 1-year high of $38.05. 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 firm has a market cap of $1.18 billion, a P/E ratio of 181.15, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42. The firm has a fifty day simple moving average of $27.32 and a 200 day simple moving average of $27.88.

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

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.