Kornitzer Capital Management Inc. KS Grows Stock Position in Endava plc (NYSE:DAVA)

Kornitzer Capital Management Inc. KS raised its holdings in Endava plc (NYSE:DAVA - Free Report) by 27.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 279,565 shares of the company's stock after acquiring an additional 60,941 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.48% of Endava worth $7,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Paradice Investment Management LLC bought a new position in Endava in the 2nd quarter valued at $18,695,000. Millennium Management LLC grew its position in shares of Endava by 64.5% during the 2nd quarter. Millennium Management LLC now owns 571,021 shares of the company's stock worth $16,697,000 after buying an additional 223,964 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in shares of Endava by 9.8% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 311,992 shares of the company's stock worth $11,868,000 after buying an additional 27,797 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Endava by 15,560.6% during the 1st quarter. Lazard Asset Management LLC now owns 171,170 shares of the company's stock worth $6,511,000 after buying an additional 170,077 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Endava by 4,578.4% during the 2nd quarter. Acadian Asset Management LLC now owns 169,500 shares of the company's stock worth $4,949,000 after buying an additional 165,877 shares in the last quarter. Institutional investors own 62.23% of the company's stock.

Endava Stock Up 1.6 %

DAVA stock traded up $0.42 during trading on Friday, reaching $26.37. 892,683 shares of the company traded hands, compared to its average volume of 532,020. Endava plc has a 12 month low of $23.28 and a 12 month high of $81.06. The business has a 50 day simple moving average of $26.99 and a 200 day simple moving average of $28.59. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 72.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.74 and a current ratio of 1.74.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DAVA shares. Citigroup dropped their price target on Endava from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. increased their price target on Endava from $41.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Needham & Company LLC dropped their price target on Endava from $42.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday, September 20th. Susquehanna dropped their price target on Endava from $66.00 to $55.00 and set a "positive" rating on the stock in a research report on Friday, September 20th. Finally, Guggenheim dropped their price target on Endava from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $41.21.

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.