Tower Research Capital LLC TRC lifted its holdings in Endava plc (NYSE:DAVA – Free Report) by 423.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,796 shares of the company’s stock after acquiring an additional 3,879 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Endava were worth $322,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in Endava by 100.0% in the 4th quarter. Quadrant Capital Group LLC now owns 324 shares of the company’s stock worth $25,000 after buying an additional 162 shares during the last quarter. Arcadia Investment Management Corp MI increased its holdings in Endava by 130.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 490 shares of the company’s stock worth $33,000 after purchasing an additional 277 shares during the period. Global Retirement Partners LLC lifted its position in shares of Endava by 76.8% during the 1st quarter. Global Retirement Partners LLC now owns 870 shares of the company’s stock worth $49,000 after purchasing an additional 378 shares during the last quarter. Quantbot Technologies LP acquired a new position in Endava in the first quarter valued at approximately $88,000. Finally, Bessemer Group Inc. purchased a new position in shares of Endava during the fourth quarter worth about $106,000. 56.90% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Morgan Stanley restated an “overweight” rating and issued a $70.00 price objective on shares of Endava in a research note on Monday, July 24th. Deutsche Bank Aktiengesellschaft decreased their price target on Endava from $78.00 to $53.00 in a report on Wednesday, May 24th. HSBC began coverage on shares of Endava in a research note on Monday, July 17th. They issued a “buy” rating and a $74.00 price objective on the stock. Citigroup reduced their target price on Endava from $95.00 to $85.00 in a report on Monday, May 1st. Finally, Susquehanna reduced their price target on shares of Endava from $104.00 to $100.00 in a report on Monday, June 12th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.78.
Endava Stock Performance
Shares of DAVA stock opened at $47.70 on Friday. Endava plc has a 1 year low of $44.62 and a 1 year high of $109.05. The stock has a market cap of $2.71 billion, a PE ratio of 23.16 and a beta of 1.16. The business’s fifty day moving average is $51.48 and its 200-day moving average is $59.50.
Endava (NYSE:DAVA – Get Free Report) last released its earnings results on Tuesday, May 23rd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The business had revenue of $247.28 million during the quarter, compared to analyst estimates of $233.78 million. Endava had a net margin of 12.53% and a return on equity of 19.77%. Equities research analysts predict that Endava plc will post 1.76 earnings per share for the current year.
About Endava
Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. It offers technology and digital advisory services for payments and financial services, and TMT sectors; IT strategies; business analysis services; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.
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