Mawer Investment Management Ltd. raised its stake in Endava plc (NYSE:DAVA - Free Report) by 613.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,198,500 shares of the company's stock after buying an additional 1,030,403 shares during the quarter. Mawer Investment Management Ltd. owned 2.08% of Endava worth $30,610,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Paradice Investment Management LLC bought a new stake in shares of Endava in the second quarter worth about $18,695,000. Fourth Sail Capital LP lifted its stake in Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company's stock valued at $23,782,000 after buying an additional 247,418 shares in the last quarter. Millennium Management LLC increased its position in shares of Endava by 64.5% during the second quarter. Millennium Management LLC now owns 571,021 shares of the company's stock worth $16,697,000 after acquiring an additional 223,964 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Endava by 15,560.6% during the first quarter. Lazard Asset Management LLC now owns 171,170 shares of the company's stock worth $6,511,000 after acquiring an additional 170,077 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Endava by 4,578.4% in the 2nd quarter. Acadian Asset Management LLC now owns 169,500 shares of the company's stock worth $4,949,000 after purchasing an additional 165,877 shares during the period. Institutional investors own 62.23% of the company's stock.
Endava Stock Performance
Shares of NYSE DAVA traded down $0.79 during trading hours on Monday, reaching $26.09. 467,210 shares of the stock were exchanged, compared to its average volume of 537,435. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 193.64 and a beta of 1.21. The stock's fifty day simple moving average is $26.64 and its 200 day simple moving average is $28.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 1.90. Endava plc has a 52 week low of $23.28 and a 52 week high of $81.06.
Endava (NYSE:DAVA - Get Free Report) last announced its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.13). The business had revenue of $245.30 million for the quarter, compared to analyst estimates of $248.65 million. Endava had a return on equity of 1.10% and a net margin of 0.92%. Sell-side analysts predict that Endava plc will post 0.77 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Guggenheim reduced their price target on Endava from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Needham & Company LLC lifted their price target on shares of Endava from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Endava from $41.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Citigroup lowered their target price on Endava from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, October 28th. Finally, TD Cowen increased their price target on Endava from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.91.
Check Out Our Latest Analysis on DAVA
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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