Eagle Asset Management Inc. Increases Stake in Endava plc (NYSE:DAVA)

Eagle Asset Management Inc. boosted its stake in Endava plc (NYSE:DAVA) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,358 shares of the company’s stock after purchasing an additional 7,216 shares during the period. Eagle Asset Management Inc. owned about 0.33% of Endava worth $5,099,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DAVA. Precision Wealth Strategies LLC grew its position in shares of Endava by 6.7% in the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after buying an additional 540 shares during the last quarter. Signaturefd LLC grew its position in shares of Endava by 84.1% in the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after buying an additional 886 shares during the last quarter. Strengthening Families & Communities LLC grew its position 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 buying an additional 933 shares during the last quarter. Portside Wealth Group LLC grew its position in shares of Endava by 7.7% in the 2nd quarter. Portside Wealth Group LLC now owns 15,268 shares of the company’s stock worth $446,000 after buying an additional 1,090 shares during the last quarter. Finally, Blue Trust Inc. bought a new stake in shares of Endava during the third quarter valued at approximately $30,000. 62.23% of the stock is currently owned by institutional investors.

Endava Stock Up 0.7 %

DAVA stock opened at $28.67 on Monday. Endava plc has a 1-year low of $23.28 and a 1-year high of $81.06. The business has a fifty day moving average price of $26.15 and a 200-day moving average price of $28.36. 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 stock has a market capitalization of $1.66 billion, a P/E ratio of 204.79 and a beta of 1.21.

Endava (NYSE:DAVA) last posted its quarterly 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 forecast that Endava plc will post 0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DAVA shares. Needham & Company LLC lifted their price target on Endava from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Citigroup dropped their price target on Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. lifted their price target on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. TD Cowen lifted their price target on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Bank of America assumed coverage on Endava in a report on Friday. They issued a “neutral” rating and a $29.00 target price on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $39.83.

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.