Kornitzer Capital Management Inc. KS Boosts Position in Endava plc (NYSE:DAVA)

Kornitzer Capital Management Inc. KS boosted its position in Endava plc (NYSE:DAVA) by 2.8% during the 4th quarter, HoldingsChannel reports. The firm owned 287,510 shares of the company’s stock after purchasing an additional 7,945 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Endava were worth $8,884,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DAVA. Blue Trust Inc. purchased a new stake in shares of Endava in the 3rd quarter worth $30,000. Signaturefd LLC increased its position in Endava by 84.1% in the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after buying an additional 886 shares in the last quarter. GAMMA Investing LLC increased its position in Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after buying an additional 745 shares in the last quarter. Precision Wealth Strategies LLC increased its position in Endava by 6.7% in the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after buying an additional 540 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT bought a new position in shares of Endava in the fourth quarter worth about $222,000. 62.23% of the stock is currently owned by institutional investors.

Endava Price Performance

Shares of DAVA opened at $32.83 on Wednesday. The firm has a market capitalization of $1.94 billion, a PE ratio of 234.50, a price-to-earnings-growth ratio of 2.69 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. Endava plc has a 1-year low of $23.28 and a 1-year high of $68.58. The company’s fifty day moving average price is $31.71 and its 200-day moving average price is $29.27.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Needham & Company LLC increased their target price on shares of Endava from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Morgan Stanley raised their price objective on shares of Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Bank of America started coverage on shares of Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 target price for the company. Citigroup cut their price target on Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Finally, TD Cowen increased their price target on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.01.

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.