Daiwa Securities Group Inc. Has $2.06 Million Stock Position in Endava plc (NYSE:DAVA)

Daiwa Securities Group Inc. lifted its stake in Endava plc (NYSE:DAVA - Free Report) by 27.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,773 shares of the company's stock after acquiring an additional 14,566 shares during the period. Daiwa Securities Group Inc. owned 0.11% of Endava worth $2,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAVA. Wasatch Advisors LP boosted its holdings in Endava by 6.7% in the 3rd quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company's stock valued at $40,319,000 after purchasing an additional 98,875 shares during the period. Alberta Investment Management Corp grew its position in Endava by 9.3% during the fourth quarter. Alberta Investment Management Corp now owns 1,384,902 shares of the company's stock worth $42,793,000 after buying an additional 118,081 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in Endava by 613.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company's stock valued at $30,610,000 after acquiring an additional 1,030,403 shares during the period. FMR LLC increased its stake in Endava by 1.4% during the third quarter. FMR LLC now owns 952,515 shares of the company's stock valued at $24,327,000 after acquiring an additional 13,106 shares during the period. Finally, Fourth Sail Capital LP raised its holdings in Endava by 36.2% in the 3rd quarter. Fourth Sail Capital LP now owns 931,151 shares of the company's stock valued at $23,782,000 after acquiring an additional 247,418 shares in the last quarter. 62.23% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DAVA. Needham & Company LLC decreased their price objective on 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 on the stock in a research note on Friday, February 21st. Bank of America started coverage on shares of Endava in a research note on Friday, November 22nd. They issued a "neutral" rating and a $29.00 price objective for the company. Finally, Morgan Stanley upped their target price on shares of Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $39.10.

Endava Trading Up 0.5 %

Shares of DAVA traded up $0.11 on Tuesday, reaching $22.30. 408,952 shares of the company's stock were exchanged, compared to its average volume of 490,225. The business has a 50 day moving average price of $29.16 and a two-hundred day moving average price of $28.47. The stock has a market capitalization of $1.32 billion, a P/E ratio of 202.68, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava plc has a 12 month low of $20.50 and a 12 month high of $40.65.

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). Endava had a return on equity of 0.89% and a net margin of 0.74%. The business had revenue of $250.63 million for the quarter, compared to the consensus estimate of $197.33 million. Research analysts anticipate that Endava plc will post 0.57 earnings per share for the current year.

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.