HighTower Advisors LLC Purchases 1,592 Shares of Endava plc (NYSE:DAVA)

HighTower Advisors LLC increased its position in Endava plc (NYSE:DAVA) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,143 shares of the company’s stock after buying an additional 1,592 shares during the quarter. HighTower Advisors LLC’s holdings in Endava were worth $390,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in shares of Endava in the third quarter valued at about $30,000. Signaturefd LLC increased its holdings in Endava by 84.1% during the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after purchasing an additional 886 shares during the period. Seven Eight Capital LP bought a new position in Endava during the 2nd quarter valued at approximately $216,000. Precision Wealth Strategies LLC lifted its holdings in Endava by 6.7% in the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after buying an additional 540 shares during the period. Finally, Strengthening Families & Communities LLC grew its position in shares of Endava by 11.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock worth $233,000 after buying an additional 933 shares during the last quarter. 62.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on DAVA shares. Needham & Company LLC raised their price target on Endava from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Bank of America started coverage on shares of Endava in a research report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 target price for the company. Citigroup reduced their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. TD Cowen upped their target price on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Susquehanna lowered their target price on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Endava presently has an average rating of “Moderate Buy” and an average target price of $39.83.

Endava Stock Down 2.4 %

Shares of NYSE:DAVA opened at $30.30 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $27.49 and a two-hundred day simple moving average of $28.40. Endava plc has a 12-month low of $23.28 and a 12-month high of $81.06. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 216.43, a PEG ratio of 2.16 and a beta of 1.24.

Endava (NYSE:DAVA) last announced its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). Endava had a return on equity of 1.10% and a net margin of 0.92%. The firm had revenue of $245.30 million during the quarter, compared to the consensus estimate of $248.65 million. On average, research analysts anticipate that Endava plc will post 0.65 earnings per share for the current fiscal year.

About Endava

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.