Endava plc (NYSE:DAVA) Shares Acquired by Norden Group LLC

Norden Group LLC grew its position in Endava plc (NYSE:DAVA) by 18.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,798 shares of the company’s stock after purchasing an additional 2,488 shares during the quarter. Norden Group LLC’s holdings in Endava were worth $488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new stake in Endava during the 4th quarter worth $215,000. Oppenheimer & Co. Inc. raised its stake in Endava by 43.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 53,522 shares of the company’s stock worth $1,654,000 after acquiring an additional 16,099 shares in the last quarter. Alberta Investment Management Corp raised its stake in Endava by 9.3% during the 4th quarter. Alberta Investment Management Corp now owns 1,384,902 shares of the company’s stock worth $42,793,000 after acquiring an additional 118,081 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in Endava during the 4th quarter worth $442,000. Finally, Paradice Investment Management LLC raised its stake in Endava by 24.3% during the 4th quarter. Paradice Investment Management LLC now owns 931,024 shares of the company’s stock worth $28,769,000 after acquiring an additional 181,868 shares in the last quarter. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DAVA shares. Susquehanna cut their price target on shares of Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday, February 21st. Bank of America started coverage on shares of Endava in a research note on Friday, November 22nd. They set a “neutral” rating and a $29.00 price target on the stock. Morgan Stanley raised their price objective on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. 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 research report on Wednesday, November 6th. Finally, Needham & Company LLC lowered their price objective on shares of Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Endava presently has an average rating of “Moderate Buy” and an average target price of $39.10.

Endava Stock Down 0.8 %

Shares of NYSE:DAVA opened at $23.72 on Tuesday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 215.64, a PEG ratio of 2.26 and a beta of 1.22. The firm’s 50-day simple moving average is $31.08 and its 200-day simple moving average is $29.13. 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 plc has a fifty-two week low of $23.28 and a fifty-two week high of $40.65.

Endava (NYSE:DAVA) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $250.63 million during the quarter, compared to analysts’ expectations of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. As a group, equities research analysts predict that Endava plc will post 0.57 earnings per share for the current year.

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.