GW&K Investment Management LLC Has $32.69 Million Stake in Endava plc (NYSE:DAVA)

GW&K Investment Management LLC lifted its holdings in Endava plc (NYSE:DAVA - Free Report) by 66.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 419,872 shares of the company's stock after buying an additional 167,450 shares during the quarter. GW&K Investment Management LLC owned about 0.73% of Endava worth $32,687,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Signaturefd LLC increased its position in shares of Endava by 194.9% during the 3rd quarter. Signaturefd LLC now owns 1,153 shares of the company's stock worth $66,000 after purchasing an additional 762 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Endava in the 4th quarter valued at $81,000. Principal Securities Inc. bought a new position in Endava in the fourth quarter valued at about $99,000. Quadrant Capital Group LLC boosted its position in Endava by 34.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,424 shares of the company's stock valued at $111,000 after buying an additional 368 shares in the last quarter. Finally, Citigroup Inc. raised its position in Endava by 4,429.2% during the 3rd quarter. Citigroup Inc. now owns 2,174 shares of the company's stock worth $125,000 after purchasing an additional 2,126 shares during the last quarter. 62.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DAVA shares. Needham & Company LLC cut their target price on Endava from $70.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, March 1st. Morgan Stanley restated an "equal weight" rating and issued a $40.00 price objective on shares of Endava in a research note on Monday, April 22nd. Citigroup cut their target price on shares of Endava from $40.00 to $33.00 and set a "neutral" rating for the company in a research report on Monday, April 22nd. TD Cowen lowered their price target on shares of Endava from $85.00 to $52.00 and set an "outperform" rating on the stock in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Endava from $49.00 to $43.00 and set an "overweight" rating for the company in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Endava presently has an average rating of "Moderate Buy" and an average target price of $51.00.

Endava Stock Performance

DAVA stock traded up $0.44 during trading on Tuesday, reaching $29.27. The company had a trading volume of 869,504 shares, compared to its average volume of 583,499. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 20.19 and a beta of 1.14. The firm has a 50-day simple moving average of $33.03 and a 200-day simple moving average of $54.62. Endava plc has a twelve month low of $28.13 and a twelve month high of $81.06.

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