JPMorgan Chase & Co. boosted its position in Endava plc (NYSE:DAVA - Free Report) by 187.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 858,894 shares of the company's stock after purchasing an additional 560,190 shares during the period. JPMorgan Chase & Co. owned about 1.46% of Endava worth $26,540,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in DAVA. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Endava by 9.6% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 307,158 shares of the company's stock valued at $9,491,000 after purchasing an additional 26,964 shares in the last quarter. Pier Capital LLC purchased a new stake in shares of Endava during the 4th quarter worth approximately $6,755,000. Horrell Capital Management Inc. grew its holdings in shares of Endava by 12.7% in the 4th quarter. Horrell Capital Management Inc. now owns 169,000 shares of the company's stock worth $5,222,000 after acquiring an additional 19,000 shares during the period. Sei Investments Co. raised its holdings in Endava by 26.1% during the fourth quarter. Sei Investments Co. now owns 118,095 shares of the company's stock worth $3,649,000 after purchasing an additional 24,426 shares during the last quarter. Finally, Royce & Associates LP purchased a new stake in Endava during the fourth quarter worth $8,987,000. Hedge funds and other institutional investors own 62.23% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on DAVA. Needham & Company LLC cut their price target on Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Morgan Stanley lifted 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, Susquehanna lowered their price target on shares of Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Endava currently has an average rating of "Moderate Buy" and an average target price of $39.10.
Check Out Our Latest Report on Endava
Endava Stock Up 1.6 %
NYSE DAVA traded up $0.28 on Friday, reaching $17.93. The company had a trading volume of 280,648 shares, compared to its average volume of 491,181. 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 plc has a 1 year low of $16.70 and a 1 year high of $34.94. The firm has a 50-day moving average of $24.01 and a 200-day moving average of $26.97. The firm has a market capitalization of $1.06 billion, a PE ratio of 162.95, a P/E/G ratio of 2.26 and a beta of 1.33.
Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share 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 for the quarter, compared to analyst estimates of $197.33 million. On average, equities research analysts anticipate that Endava plc will post 0.57 EPS for the current fiscal year.
About Endava
(
Free Report)
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.
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