New York State Common Retirement Fund Purchases New Shares in Endava plc (NYSE:DAVA)

New York State Common Retirement Fund bought a new stake in Endava plc (NYSE:DAVA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,290 shares of the company's stock, valued at approximately $442,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position 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. GAMMA Investing LLC raised its holdings in Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after purchasing an additional 745 shares during the period. Alliance Wealth Advisors LLC UT acquired a new stake in Endava in the fourth quarter worth $222,000. Strengthening Families & Communities LLC raised its holdings in 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 purchasing an additional 933 shares during the period. Finally, Precision Wealth Strategies LLC raised its stake in Endava by 4.5% during the 4th quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company's stock worth $277,000 after buying an additional 383 shares during the period. Institutional investors and hedge funds own 62.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DAVA shares. Morgan Stanley raised 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. Bank of America initiated coverage on Endava in a research report on Friday, November 22nd. They set a "neutral" rating and a $29.00 price target on the stock. Susquehanna cut their price target on shares of Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a research note on Friday, February 21st. Needham & Company LLC lowered their price objective on shares of Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, TD Cowen upped their target price on shares of Endava from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $39.10.

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Endava Stock Performance

Shares of Endava stock traded up $0.30 during trading on Friday, hitting $23.07. 333,347 shares of the stock were exchanged, compared to its average volume of 414,933. The company has a fifty day moving average price of $30.33 and a 200-day moving average price of $28.91. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 209.68, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava plc has a 1-year low of $22.30 and a 1-year high of $40.65.

Endava (NYSE:DAVA - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates 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. As a group, equities analysts predict 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.