Fmr LLC Acquires 13,106 Shares of Endava plc (NYSE:DAVA)

Fmr LLC increased its position in shares of Endava plc (NYSE:DAVA) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 952,515 shares of the company’s stock after purchasing an additional 13,106 shares during the quarter. Fmr LLC’s holdings in Endava were worth $24,327,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Mawer Investment Management Ltd. grew its position in shares of Endava by 613.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock worth $30,610,000 after buying an additional 1,030,403 shares during the period. AEGON ASSET MANAGEMENT UK Plc boosted its stake in Endava by 8.7% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock worth $6,279,000 after acquiring an additional 19,669 shares during the last quarter. XTX Topco Ltd bought a new position in Endava in the second quarter valued at approximately $941,000. Horrell Capital Management Inc. lifted its stake in Endava by 76.5% in the third quarter. Horrell Capital Management Inc. now owns 150,000 shares of the company’s stock valued at $3,831,000 after buying an additional 65,000 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Endava by 64.5% in the second quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock valued at $16,697,000 after buying an additional 223,964 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DAVA shares. Guggenheim lowered their price objective on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on shares of Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Citigroup lowered their target price on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. TD Cowen upped their price objective on shares of Endava from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Bank of America began coverage on shares of Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.83.

Endava Trading Down 0.3 %

Shares of Endava stock opened at $29.95 on Tuesday. Endava plc has a 52-week low of $23.28 and a 52-week high of $81.06. The firm has a 50-day moving average of $26.46 and a 200-day moving average of $28.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $1.77 billion, a PE ratio of 213.93, a PEG ratio of 2.12 and a beta of 1.24.

Endava (NYSE:DAVA) last announced its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The firm had revenue of $245.30 million for the quarter, compared to analyst estimates of $248.65 million. Endava had a return on equity of 1.10% and a net margin of 0.92%. As a group, sell-side analysts forecast that Endava plc will post 0.65 EPS for the current year.

About Endava

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.