Endava plc (NYSE:DAVA) Shares Acquired by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Endava plc (NYSE:DAVA) by 8.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 245,772 shares of the company’s stock after purchasing an additional 19,669 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Endava were worth $6,279,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in Endava by 5.6% during the first quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock worth $353,000 after acquiring an additional 495 shares during the period. Precision Wealth Strategies LLC grew its position in Endava by 6.7% during the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock valued at $219,000 after purchasing an additional 540 shares in the last quarter. Signaturefd LLC increased its stake in shares of Endava by 84.1% in the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after acquiring an additional 886 shares during the last quarter. Portside Wealth Group LLC raised its stake in shares of Endava by 7.7% during the 2nd quarter. Portside Wealth Group LLC now owns 15,268 shares of the company’s stock worth $446,000 after purchasing an additional 1,090 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in Endava during the third quarter valued at approximately $30,000. Institutional investors own 62.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DAVA shares. Susquehanna reduced their target price on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th. Citigroup decreased their price objective on Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Needham & Company LLC dropped their price target on shares of Endava from $42.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. boosted their target price on shares of Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, Guggenheim reduced their price objective on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.21.

Endava Stock Up 1.6 %

DAVA opened at $26.37 on Friday. The stock has a fifty day moving average of $26.87 and a 200-day moving average of $28.55. Endava plc has a fifty-two week low of $23.28 and a fifty-two week high of $81.06. The company has a market capitalization of $1.52 billion, a P/E ratio of 73.25 and a beta of 1.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.74 and a current ratio of 1.74.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The business had revenue of $245.30 million for the quarter, compared to analyst estimates of $248.65 million. Endava had a return on equity of 2.75% and a net margin of 2.30%. On average, equities analysts expect that Endava plc will post 0.77 EPS for the current year.

Endava 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.