Endava plc (NYSE:DAVA) Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC grew its position in Endava plc (NYSE:DAVA - Free Report) by 22.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,533,111 shares of the company's stock after buying an additional 842,433 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 7.68% of Endava worth $140,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after acquiring an additional 331 shares in the last quarter. Precision Wealth Strategies LLC raised its holdings in shares of Endava by 4.5% in the 4th quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company's stock valued at $277,000 after purchasing an additional 383 shares in the last quarter. Assetmark Inc. lifted its position in shares of Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after purchasing an additional 475 shares during the period. GAMMA Investing LLC boosted 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 valued at $50,000 after purchasing an additional 745 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock valued at $46,000 after buying an additional 786 shares during the period. Institutional investors own 62.23% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on DAVA. Susquehanna lowered their target price on Endava from $55.00 to $50.00 and set a "positive" rating for the company in a report on Friday, February 21st. Morgan Stanley upped their price objective on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Finally, Needham & Company LLC dropped their price objective on Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.10.

Endava Stock Performance

NYSE:DAVA traded up $0.91 during trading hours on Thursday, hitting $18.89. 442,410 shares of the company were exchanged, compared to its average volume of 482,190. The company's 50 day moving average price is $21.41 and its 200-day moving average price is $26.51. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 171.73, a PEG ratio of 2.26 and a beta of 1.33. Endava plc has a 52-week low of $16.60 and a 52-week high of $34.94. 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 (NYSE:DAVA - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $250.63 million during the quarter, compared to analyst estimates of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. As a group, research analysts forecast that Endava plc will post 0.57 earnings per share for the current 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.