Marshall Wace LLP Boosts Stock Position in Endava plc (NYSE:DAVA)

Marshall Wace LLP lifted its position in shares of Endava plc (NYSE:DAVA - Free Report) by 182.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,139 shares of the company's stock after buying an additional 44,039 shares during the quarter. Marshall Wace LLP owned approximately 0.12% of Endava worth $2,105,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Assetmark Inc. raised its stake in Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after purchasing an additional 475 shares during the period. Blue Trust Inc. raised its position in shares of Endava by 28.5% during the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after buying an additional 331 shares during the last quarter. Quadrant Capital Group LLC lifted 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 worth $46,000 after buying an additional 786 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after acquiring an additional 745 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Endava by 60.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock valued at $126,000 after acquiring an additional 1,538 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on DAVA shares. Morgan Stanley boosted their price target on shares of Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Needham & Company LLC dropped their price target on Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, Susquehanna cut their price target on Endava from $55.00 to $50.00 and set a "positive" rating for the company in a 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $39.10.

Endava Trading Down 1.3 %

DAVA traded down $0.24 during trading on Wednesday, reaching $18.20. The company had a trading volume of 788,366 shares, compared to its average volume of 486,039. 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 plc has a 52 week low of $16.60 and a 52 week high of $34.94. The stock has a market cap of $1.07 billion, a P/E ratio of 165.45, a PEG ratio of 2.26 and a beta of 1.33. The business has a 50 day simple moving average of $20.38 and a 200-day simple moving average of $26.37.

Endava (NYSE:DAVA - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.18). The firm had revenue of $250.63 million during the quarter, compared to analysts' expectations of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. On average, equities analysts anticipate that Endava plc will post 0.57 EPS 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.