Kornitzer Capital Management Inc. KS Has $8.88 Million Stock Position in Endava plc (NYSE:DAVA)

Kornitzer Capital Management Inc. KS lifted its holdings in Endava plc (NYSE:DAVA - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 287,510 shares of the company's stock after buying an additional 7,945 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.49% of Endava worth $8,884,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DAVA. Blue Trust Inc. increased its position in Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after buying an additional 331 shares during the period. Precision Wealth Strategies LLC increased 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 worth $277,000 after acquiring an additional 383 shares during the period. GAMMA Investing LLC increased its holdings in shares of Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after acquiring an additional 745 shares during the period. Signaturefd LLC lifted its position in Endava by 84.1% in the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company's stock valued at $50,000 after purchasing an additional 886 shares during the last quarter. Finally, Strengthening Families & Communities LLC boosted its stake in Endava by 11.4% during the 3rd quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company's stock valued at $233,000 after purchasing an additional 933 shares during the period. 62.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on DAVA. TD Cowen raised their price target on shares of Endava from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Needham & Company LLC lowered their target price on Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday. Bank of America began coverage on Endava in a research report on Friday, November 22nd. They set a "neutral" rating and a $29.00 price target for the company. Susquehanna lowered their price target on Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a report on Friday. Finally, Citigroup reduced their price objective on shares of Endava from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $39.10.

Endava Price Performance

Endava stock traded down $2.24 during midday trading on Friday, hitting $26.06. The company's stock had a trading volume of 1,032,625 shares, compared to its average volume of 349,095. Endava plc has a 12 month low of $23.28 and a 12 month high of $68.58. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The stock's 50-day moving average price is $31.65 and its 200-day moving average price is $29.27. The company has a market capitalization of $1.54 billion, a PE ratio of 236.91, a price-to-earnings-growth ratio of 2.26 and a beta of 1.22.

Endava (NYSE:DAVA - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.18). The business had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. Analysts anticipate that Endava plc will post 0.57 earnings per share for the current fiscal 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.