Jones Financial Companies Lllp Purchases 1,392 Shares of Endava plc (NYSE:DAVA)

Jones Financial Companies Lllp raised its holdings in shares of Endava plc (NYSE:DAVA) by 20.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,284 shares of the company’s stock after buying an additional 1,392 shares during the period. Jones Financial Companies Lllp’s holdings in Endava were worth $256,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DAVA. Norden Group LLC raised its position in shares of Endava by 18.7% during the fourth quarter. Norden Group LLC now owns 15,798 shares of the company’s stock valued at $488,000 after buying an additional 2,488 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Endava during the fourth quarter valued at $215,000. Oppenheimer & Co. Inc. increased its holdings in Endava by 43.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 53,522 shares of the company’s stock valued at $1,654,000 after acquiring an additional 16,099 shares during the last quarter. Alberta Investment Management Corp lifted its stake in Endava by 9.3% in the 4th quarter. Alberta Investment Management Corp now owns 1,384,902 shares of the company’s stock worth $42,793,000 after purchasing an additional 118,081 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of Endava during the 4th quarter valued at about $442,000. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Endava Trading Down 0.8 %

Shares of NYSE DAVA opened at $21.33 on Thursday. Endava plc has a twelve month low of $20.70 and a twelve month high of $40.65. The firm has a market cap of $1.26 billion, a PE ratio of 193.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42. The business has a fifty day simple moving average of $29.76 and a two-hundred day simple moving average of $28.72. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). The business had revenue of $250.63 million for the quarter, compared to analysts’ expectations of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. Analysts expect that Endava plc will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DAVA. Bank of America began coverage on Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 target price on the stock. Needham & Company LLC reduced their price objective on Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Morgan Stanley increased their target price on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. TD Cowen boosted their price target on shares of Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Susquehanna lowered their price objective on shares of Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Friday, February 21st. Four research 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.10.

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.