Royce & Associates LP Acquires Shares of 290,846 Endava plc (NYSE:DAVA)

Royce & Associates LP bought a new position in Endava plc (NYSE:DAVA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 290,846 shares of the company's stock, valued at approximately $8,987,000. Royce & Associates LP owned about 0.49% of Endava as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DAVA. Assetmark Inc. lifted its holdings in shares of Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after purchasing an additional 475 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after purchasing an additional 331 shares during the period. GAMMA Investing LLC raised its position 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 acquiring an additional 745 shares during the period. PNC Financial Services Group Inc. raised its holdings in Endava by 60.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock worth $126,000 after purchasing an additional 1,538 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Endava during the 4th quarter valued at about $215,000. Institutional investors own 62.23% of the company's stock.

Endava Price Performance

Shares of NYSE DAVA traded up $0.26 during midday trading on Friday, reaching $21.62. 461,801 shares of the stock traded hands, compared to its average volume of 487,279. The company's 50 day moving average is $28.40 and its 200 day moving average is $28.24. Endava plc has a one year low of $20.50 and a one year high of $39.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $1.28 billion, a PE ratio of 196.57, a P/E/G ratio of 2.26 and a beta of 1.42.

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

Wall Street Analysts Forecast Growth

DAVA has been the subject of a number of analyst reports. Susquehanna reduced their price objective on shares of Endava from $55.00 to $50.00 and set a "positive" rating for the company in a research note on Friday, February 21st. Bank of America assumed coverage on Endava in a research note on Friday, November 22nd. They issued a "neutral" rating and a $29.00 price target for the company. Needham & Company LLC lowered 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. Finally, Morgan Stanley increased their target price on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Four research 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $39.10.

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.