State of New Jersey Common Pension Fund D Increases Stock Holdings in Endava plc (NYSE:DAVA)

State of New Jersey Common Pension Fund D grew its stake in shares of Endava plc (NYSE:DAVA - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,662 shares of the company's stock after buying an additional 15,173 shares during the period. State of New Jersey Common Pension Fund D owned 0.14% of Endava worth $2,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DAVA. Mawer Investment Management Ltd. raised its position in shares of Endava by 613.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company's stock valued at $30,610,000 after buying an additional 1,030,403 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Endava by 1,299.1% in the fourth quarter. SG Americas Securities LLC now owns 430,366 shares of the company's stock valued at $13,298,000 after purchasing an additional 399,605 shares in the last quarter. Fourth Sail Capital LP grew its holdings in shares of Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company's stock valued at $23,782,000 after purchasing an additional 247,418 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Endava by 30.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 601,898 shares of the company's stock valued at $15,372,000 after purchasing an additional 141,250 shares in the last quarter. Finally, Wasatch Advisors LP grew its holdings in shares of Endava by 6.7% in 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. Institutional investors own 62.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DAVA. Guggenheim dropped their price objective on shares of Endava from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Bank of America started coverage on Endava in a report on Friday, November 22nd. They issued a "neutral" rating and a $29.00 price objective for the company. Citigroup decreased their price objective on Endava from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, October 28th. Morgan Stanley increased their price target on shares of Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, Susquehanna decreased their price target on shares of Endava from $55.00 to $50.00 and set a "positive" rating for the company in a research report on Friday. 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 MarketBeat.com, Endava presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.10.

Endava Stock Performance

NYSE:DAVA 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 fifty-two week low of $23.28 and a fifty-two week high of $68.58. The firm's 50 day moving average is $31.65 and its 200-day moving average is $29.27. 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 firm has a market cap of $1.54 billion, a P/E ratio of 236.91, a P/E/G ratio of 2.26 and a beta of 1.22.

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