Wasatch Advisors LP Purchases 98,875 Shares of Endava plc (NYSE:DAVA)

Wasatch Advisors LP boosted its holdings in Endava plc (NYSE:DAVA - Free Report) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,578,646 shares of the company's stock after purchasing an additional 98,875 shares during the quarter. Wasatch Advisors LP owned about 2.73% of Endava worth $40,319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. bought a new position in shares of Endava in the third quarter valued at approximately $30,000. Signaturefd LLC raised its position in Endava by 84.1% in the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company's stock valued at $50,000 after buying an additional 886 shares during the last quarter. Seven Eight Capital LP bought a new position in Endava during the 2nd quarter valued at $216,000. Precision Wealth Strategies LLC boosted its holdings in Endava by 6.7% during the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company's stock worth $219,000 after acquiring an additional 540 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its stake in shares of Endava by 11.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company's stock worth $233,000 after acquiring an additional 933 shares in the last quarter. Institutional investors own 62.23% of the company's stock.

Endava Stock Performance

DAVA traded down $0.15 during trading hours on Friday, hitting $28.31. The stock had a trading volume of 274,122 shares, compared to its average volume of 552,322. Endava plc has a 1 year low of $23.28 and a 1 year high of $81.06. The company's fifty day simple moving average is $26.12 and its 200 day simple moving average is $28.26. The stock has a market cap of $1.63 billion, a PE ratio of 202.21, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21. 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 (NYSE:DAVA - Get Free Report) last posted its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.13). Endava had a return on equity of 1.10% and a net margin of 0.92%. The business had revenue of $245.30 million during the quarter, compared to analysts' expectations of $248.65 million. Equities analysts anticipate that Endava plc will post 0.65 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. 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 research report on Thursday, November 14th. Susquehanna dropped their target price on shares of Endava from $66.00 to $55.00 and set a "positive" rating on the stock in a research report on Friday, September 20th. Citigroup cut their target price on Endava from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, October 28th. Bank of America began coverage on Endava in a research report on Friday, November 22nd. They set a "neutral" rating and a $29.00 price target for the company. Finally, TD Cowen boosted their price objective on Endava from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Endava currently has an average rating of "Moderate Buy" and an average target price of $39.83.

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.