Pier Capital LLC bought a new stake in shares of Endava plc (NYSE:DAVA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 218,621 shares of the company's stock, valued at approximately $6,755,000. Pier Capital LLC owned approximately 0.37% of Endava at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP lifted its holdings in Endava by 6.7% during the third quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company's stock valued at $40,319,000 after purchasing an additional 98,875 shares in the last quarter. Alberta Investment Management Corp lifted its stake in Endava by 9.3% in the 4th quarter. Alberta Investment Management Corp now owns 1,384,902 shares of the company's stock valued at $42,793,000 after buying an additional 118,081 shares in the last quarter. FMR LLC increased its stake in Endava by 1.4% during the 3rd quarter. FMR LLC now owns 952,515 shares of the company's stock worth $24,327,000 after buying an additional 13,106 shares in the last quarter. Paradice Investment Management LLC raised its holdings in shares of Endava by 24.3% during the fourth quarter. Paradice Investment Management LLC now owns 931,024 shares of the company's stock valued at $28,769,000 after acquiring an additional 181,868 shares during the last quarter. Finally, DF Dent & Co. Inc. lifted its position in shares of Endava by 2.5% in the third quarter. DF Dent & Co. Inc. now owns 777,108 shares of the company's stock valued at $19,847,000 after acquiring an additional 18,882 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company's stock.
Analysts Set New Price Targets
Several analysts recently commented on DAVA shares. Morgan Stanley boosted their price target on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Needham & Company LLC reduced their target price 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, Susquehanna lowered their price target on shares of Endava from $55.00 to $50.00 and set a "positive" 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.10.
Check Out Our Latest Report on Endava
Endava Trading Down 3.6 %
NYSE:DAVA traded down $0.75 on Friday, hitting $19.93. The stock had a trading volume of 478,770 shares, compared to its average volume of 498,362. The company has a fifty day moving average price of $27.32 and a two-hundred day moving average price of $27.88. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 181.15, a PEG ratio of 2.26 and a beta of 1.42. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava plc has a 1-year low of $19.77 and a 1-year high of $38.05.
Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $197.33 million. Equities research analysts expect that Endava plc will post 0.57 earnings per share for the current fiscal year.
Endava Company Profile
(
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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