IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Endava plc (NYSE:DAVA - Free Report) by 80.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,835 shares of the company's stock after purchasing an additional 13,704 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.05% of Endava worth $953,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in DAVA. Blue Trust Inc. increased its holdings in shares of Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after acquiring an additional 331 shares during the period. Precision Wealth Strategies LLC increased its position in Endava by 4.5% during the 4th quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company's stock valued at $277,000 after buying an additional 383 shares in the last quarter. Assetmark Inc. raised its position in shares of Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after buying an additional 745 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of Endava by 20.2% during the fourth quarter. Jones Financial Companies Lllp now owns 8,284 shares of the company's stock valued at $256,000 after buying an additional 1,392 shares during the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.
Endava Price Performance
NYSE DAVA traded up $0.20 during trading hours on Tuesday, reaching $19.71. The company's stock had a trading volume of 119,261 shares, compared to its average volume of 497,579. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 178.09, a P/E/G ratio of 2.26 and a beta of 1.42. The company's 50-day moving average is $27.08 and its two-hundred day moving average is $27.74. 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 $18.95 and a 1-year high of $38.05.
Endava (NYSE:DAVA - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $197.33 million. On average, equities analysts predict that Endava plc will post 0.57 EPS for the current year.
Analysts Set New Price Targets
DAVA has been the topic of several research reports. Morgan Stanley increased their price target 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. Susquehanna reduced their target price on shares of Endava from $55.00 to $50.00 and set a "positive" rating for the company in a report on Friday, February 21st. Finally, Needham & Company LLC lowered their price target on shares of Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Endava presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.10.
Check Out Our Latest Analysis on Endava
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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