Russell Investments Group Ltd. Has $8.98 Million Holdings in Endava plc (NYSE:DAVA)

Russell Investments Group Ltd. grew its position in shares of Endava plc (NYSE:DAVA - Free Report) by 74.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,390 shares of the company's stock after buying an additional 49,344 shares during the period. Russell Investments Group Ltd. owned about 0.20% of Endava worth $8,983,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in Endava by 16.5% during the 3rd quarter. FMR LLC now owns 1,807,318 shares of the company's stock worth $103,650,000 after buying an additional 256,250 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in Endava during the 3rd quarter worth approximately $58,433,000. Invesco Ltd. lifted its holdings in shares of Endava by 156.5% in the 3rd quarter. Invesco Ltd. now owns 866,076 shares of the company's stock worth $49,669,000 after purchasing an additional 528,384 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Endava in the 4th quarter worth approximately $17,540,000. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Endava by 22.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 215,960 shares of the company's stock worth $12,385,000 after purchasing an additional 39,772 shares during the last quarter. Institutional investors own 62.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley reissued an "equal weight" rating and issued a $40.00 price target on shares of Endava in a report on Monday, April 22nd. HSBC raised Endava from a "hold" rating to a "buy" rating and set a $45.00 price target on the stock in a report on Wednesday, May 1st. Citigroup cut their price target on Endava from $40.00 to $33.00 and set a "neutral" rating on the stock in a report on Monday, April 22nd. Guggenheim assumed coverage on Endava in a report on Tuesday, March 19th. They issued a "buy" rating and a $60.00 price target on the stock. Finally, TD Cowen cut their price target on Endava from $85.00 to $52.00 and set an "outperform" rating on the stock in a report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $51.00.

Endava Stock Up 3.4 %

Endava stock traded up $1.09 during mid-day trading on Tuesday, hitting $33.28. 634,051 shares of the company's stock traded hands, compared to its average volume of 567,922. Endava plc has a one year low of $28.99 and a one year high of $81.06. The company has a market cap of $1.92 billion, a PE ratio of 22.95 and a beta of 1.14. The firm has a 50 day moving average price of $34.97 and a 200 day moving average price of $56.07.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Endava had a net margin of 8.88% and a return on equity of 11.77%. The firm had revenue of $227.96 million for the quarter, compared to analyst estimates of $231.07 million. On average, analysts expect that Endava plc will post 0.62 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.