Endava plc (NYSE:DAVA) Position Increased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its position in shares of Endava plc (NYSE:DAVA - Free Report) by 30.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 601,898 shares of the company's stock after acquiring an additional 141,250 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.04% of Endava worth $15,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in shares of Endava during the 3rd quarter valued at $30,000. Signaturefd LLC raised its position in Endava by 84.1% in the third 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 period. Seven Eight Capital LP acquired a new position in shares of Endava during the second quarter worth about $216,000. Precision Wealth Strategies LLC boosted its position in shares of Endava by 6.7% in the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company's stock worth $219,000 after buying an additional 540 shares during the period. Finally, Strengthening Families & Communities LLC boosted its position in shares of Endava by 11.4% in the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company's stock worth $233,000 after buying an additional 933 shares during the period. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DAVA has been the topic of several recent research reports. Susquehanna reduced their price target on Endava from $66.00 to $55.00 and set a "positive" rating on the stock in a research report on Friday, September 20th. Citigroup reduced their target price on shares of Endava from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, October 28th. Needham & Company LLC raised their price target on shares of Endava from $33.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Bank of America assumed coverage on shares of Endava in a report on Friday. They issued a "neutral" rating and a $29.00 price objective on the stock. Finally, TD Cowen raised their target price on Endava from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Endava currently has a consensus rating of "Moderate Buy" and an average target price of $39.83.

Endava Stock Down 0.7 %

Endava stock traded down $0.20 during midday trading on Tuesday, hitting $28.79. The stock had a trading volume of 391,543 shares, compared to its average volume of 535,388. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average price of $26.09 and a 200 day moving average price of $28.30. Endava plc has a 12 month low of $23.28 and a 12 month high of $81.06. The stock has a market cap of $1.66 billion, a P/E ratio of 207.07 and a beta of 1.21.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.13). Endava had a net margin of 0.92% and a return on equity of 1.10%. The firm had revenue of $245.30 million during the quarter, compared to the consensus estimate of $248.65 million. Research analysts predict that Endava plc will post 0.65 EPS 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.