Barclays PLC Buys 17,200 Shares of Endava plc (NYSE:DAVA)

Barclays PLC increased its holdings in Endava plc (NYSE:DAVA - Free Report) by 22,933.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,275 shares of the company's stock after purchasing an additional 17,200 shares during the quarter. Barclays PLC's holdings in Endava were worth $533,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DAVA. Raymond James Financial Inc. bought a new position in shares of Endava in the 4th quarter worth $14,698,000. Legal & General Group Plc boosted its holdings in Endava by 3.7% during the 4th quarter. Legal & General Group Plc now owns 139,576 shares of the company's stock worth $4,321,000 after acquiring an additional 5,042 shares during the last quarter. Invesco Ltd. grew its stake in shares of Endava by 2.5% in the 4th quarter. Invesco Ltd. now owns 3,276,183 shares of the company's stock worth $101,234,000 after acquiring an additional 81,004 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Endava by 114.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock valued at $46,000 after purchasing an additional 786 shares during the last quarter. Finally, CDAM UK Ltd lifted its position in shares of Endava by 7.8% during the fourth quarter. CDAM UK Ltd now owns 2,348,674 shares of the company's stock valued at $72,574,000 after purchasing an additional 169,147 shares in the last quarter. Institutional investors own 62.23% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DAVA. Susquehanna cut their price target on shares of Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a report on Friday, February 21st. Guggenheim reduced their target price on shares of Endava from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday. Needham & Company LLC lowered their price target on shares of Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Morgan Stanley increased their price objective on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.31.

Endava Stock Performance

Shares of NYSE:DAVA traded down $6.35 during trading on Wednesday, hitting $15.07. The company's stock had a trading volume of 2,575,040 shares, compared to its average volume of 503,573. The company has a 50-day moving average of $19.44 and a 200-day moving average of $25.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $889.30 million, a price-to-earnings ratio of 136.95, a P/E/G ratio of 2.26 and a beta of 1.25. Endava plc has a 12 month low of $14.78 and a 12 month high of $34.94.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.06). Endava had a return on equity of 0.89% and a net margin of 0.74%. On average, sell-side analysts expect that Endava plc will post 0.57 earnings per share for the current year.

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.