Barclays PLC Grows Position in Endava plc (NYSE:DAVA)

Barclays PLC boosted its stake in Endava plc (NYSE:DAVA) by 22,933.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,275 shares of the company’s stock after buying an additional 17,200 shares during the period. Barclays PLC’s holdings in Endava were worth $533,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DAVA. Assetmark Inc. boosted its stake in Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after buying an additional 475 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after acquiring an additional 786 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after purchasing an additional 331 shares during the period. GAMMA Investing LLC increased its holdings in Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after purchasing an additional 745 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Endava by 60.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company’s stock valued at $126,000 after purchasing an additional 1,538 shares during the period. Institutional investors and hedge funds own 62.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DAVA. Needham & Company LLC lowered their price target on Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Susquehanna lowered their target price on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a report on Friday, February 21st. Finally, Morgan Stanley boosted their price target on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.51.

Endava Stock Performance

Shares of DAVA opened at $19.88 on Friday. The stock has a 50-day simple moving average of $19.55 and a 200-day simple moving average of $26.01. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. Endava plc has a 1 year low of $16.60 and a 1 year high of $34.94. The stock has a market capitalization of $1.17 billion, a PE ratio of 180.73, a PEG ratio of 2.26 and a beta of 1.25.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a return on equity of 0.89% and a net margin of 0.74%. The firm had revenue of $250.63 million for the quarter, compared to analyst estimates of $197.33 million. On average, analysts predict that Endava plc will post 0.57 earnings per share for the current fiscal 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.