Invesco Ltd. Boosts Stock Holdings in Endava plc (NYSE:DAVA)

Invesco Ltd. lifted its holdings in Endava plc (NYSE:DAVA - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,276,183 shares of the company's stock after acquiring an additional 81,004 shares during the period. Invesco Ltd. owned approximately 5.55% of Endava worth $101,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DAVA. CDAM UK Ltd boosted its holdings in shares of Endava by 7.8% during the 4th quarter. CDAM UK Ltd now owns 2,348,674 shares of the company's stock worth $72,574,000 after buying an additional 169,147 shares in the last quarter. Alberta Investment Management Corp boosted its stake 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 acquiring an additional 118,081 shares in the last quarter. Paradice Investment Management LLC grew its holdings in Endava by 24.3% in the fourth quarter. Paradice Investment Management LLC now owns 931,024 shares of the company's stock worth $28,769,000 after purchasing an additional 181,868 shares during the period. JPMorgan Chase & Co. increased its stake in Endava by 187.5% in the fourth quarter. JPMorgan Chase & Co. now owns 858,894 shares of the company's stock valued at $26,540,000 after purchasing an additional 560,190 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Endava during the fourth quarter valued at about $14,698,000. 62.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on DAVA. Needham & Company LLC reduced their target price 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 increased their target price on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, 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 research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Endava currently has a consensus rating of "Moderate Buy" and an average price target of $39.10.

Endava Stock Down 1.8 %

Shares of NYSE DAVA traded down $0.31 during trading on Friday, hitting $17.09. The stock had a trading volume of 391,212 shares, compared to its average volume of 485,174. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a fifty day moving average of $22.75 and a two-hundred day moving average of $26.73. Endava plc has a 12 month low of $16.70 and a 12 month high of $34.94. The company has a market capitalization of $1.01 billion, a PE ratio of 155.36, a PEG ratio of 2.26 and a beta of 1.33.

Endava (NYSE:DAVA - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The firm had revenue of $250.63 million during the quarter, compared to analysts' expectations of $197.33 million. As a group, equities research analysts forecast that Endava plc will post 0.57 EPS for the current fiscal year.

Endava 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.