BNP Paribas Financial Markets Acquires 495 Shares of Endava plc (NYSE:DAVA)

BNP Paribas Financial Markets increased its stake in Endava plc (NYSE:DAVA) by 5.6% during the first quarter, Holdings Channel.com reports. The firm owned 9,273 shares of the company’s stock after purchasing an additional 495 shares during the quarter. BNP Paribas Financial Markets’ holdings in Endava were worth $353,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assetmark Inc. grew its holdings in Endava by 47.8% during the 4th quarter. Assetmark Inc. now owns 510 shares of the company’s stock valued at $40,000 after buying an additional 165 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Endava by 34.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,424 shares of the company’s stock valued at $111,000 after acquiring an additional 368 shares during the last quarter. Capital International Sarl lifted its stake in Endava by 4.3% in the 4th quarter. Capital International Sarl now owns 16,996 shares of the company’s stock worth $1,323,000 after purchasing an additional 708 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Endava by 18.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock valued at $414,000 after purchasing an additional 833 shares during the last quarter. Finally, Institute for Wealth Management LLC. grew its position in shares of Endava by 14.5% during the fourth quarter. Institute for Wealth Management LLC. now owns 6,818 shares of the company’s stock valued at $531,000 after purchasing an additional 861 shares in the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Endava Price Performance

Endava stock opened at $29.92 on Wednesday. Endava plc has a 1-year low of $24.51 and a 1-year high of $81.06. The company’s 50-day moving average is $28.54 and its 200 day moving average is $42.52. The firm has a market capitalization of $1.73 billion, a P/E ratio of 34.74 and a beta of 1.22.

Endava (NYSE:DAVA) last issued its quarterly earnings results on Thursday, May 23rd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). Endava had a return on equity of 7.13% and a net margin of 5.69%. The business had revenue of $221.14 million for the quarter, compared to the consensus estimate of $220.59 million. Research analysts anticipate that Endava plc will post 0.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DAVA shares. Needham & Company LLC decreased their target price on Endava from $50.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. HSBC upgraded Endava from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, May 1st. Citigroup reduced their price target on shares of Endava from $40.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Endava from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $40.00 target price on shares of Endava in a report on Monday, April 22nd. Three 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.41.

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.