Ensign Peak Advisors Inc Purchases 297,304 Shares of Endava plc (NYSE:DAVA)

Ensign Peak Advisors Inc lifted its holdings in Endava plc (NYSE:DAVA - Free Report) by 35.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,137,375 shares of the company's stock after purchasing an additional 297,304 shares during the period. Ensign Peak Advisors Inc owned about 1.93% of Endava worth $35,145,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. grew its stake in shares of Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after purchasing an additional 786 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after purchasing an additional 331 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after purchasing an additional 745 shares during the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in shares of Endava in the 4th quarter worth approximately $100,000. Institutional investors and hedge funds own 62.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DAVA. Needham & Company LLC lowered their price objective on shares of Endava from $22.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday. Morgan Stanley raised their target price on shares of Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Guggenheim decreased their target price on shares of Endava from $40.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday. TD Cowen cut shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a report on Thursday. Finally, Susquehanna decreased their target price on shares of Endava from $55.00 to $50.00 and set a "positive" rating for the company in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.41.

Endava Stock Up 0.6%

DAVA traded up $0.10 during midday trading on Friday, hitting $14.88. 843,132 shares of the company's stock traded hands, compared to its average volume of 521,615. The company has a market cap of $878.09 million, a PE ratio of 135.18, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. The stock's fifty day simple moving average is $19.12 and its 200-day simple moving average is $25.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. Endava plc has a one year low of $14.32 and a one year high of $34.94.

Endava (NYSE:DAVA - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.06). Endava had a net margin of 0.74% and a return on equity of 0.89%. As a group, equities analysts anticipate that Endava plc will post 0.57 earnings per share for the current fiscal 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.