T. Rowe Price Investment Management Inc. Has $78.77 Million Stock Position in Endava plc (NYSE:DAVA)

T. Rowe Price Investment Management Inc. raised its position in Endava plc (NYSE:DAVA - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,549,317 shares of the company's stock after buying an additional 171,048 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 4.32% of Endava worth $78,774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Endava by 22.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,533,111 shares of the company's stock worth $140,073,000 after buying an additional 842,433 shares in the last quarter. Invesco Ltd. lifted its position in shares of Endava by 2.5% during the fourth quarter. Invesco Ltd. now owns 3,276,183 shares of the company's stock worth $101,234,000 after purchasing an additional 81,004 shares in the last quarter. CDAM UK Ltd raised its holdings in Endava by 7.8% in the fourth quarter. CDAM UK Ltd now owns 2,348,674 shares of the company's stock valued at $72,574,000 after acquiring an additional 169,147 shares in the last quarter. Alberta Investment Management Corp increased its stake in Endava by 9.3% during the fourth quarter. Alberta Investment Management Corp now owns 1,384,902 shares of the company's stock valued at $42,793,000 after purchasing an additional 118,081 shares during the last quarter. Finally, Paradice Investment Management LLC increased its stake in Endava by 24.3% during the fourth quarter. Paradice Investment Management LLC now owns 931,024 shares of the company's stock valued at $28,769,000 after purchasing an additional 181,868 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DAVA. Morgan Stanley lifted their price target on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Susquehanna lowered 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. Finally, Needham & Company LLC reduced their price objective on shares of Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.10.

Endava Price Performance

DAVA traded up $0.28 during trading on Thursday, hitting $18.49. The company's stock had a trading volume of 191,408 shares, compared to its average volume of 485,755. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 168.23, a price-to-earnings-growth ratio of 2.26 and a beta of 1.33. Endava plc has a 12 month low of $16.60 and a 12 month high of $34.94. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The firm's 50 day moving average price is $20.22 and its two-hundred day moving average price is $26.31.

Endava (NYSE:DAVA - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). The company had revenue of $250.63 million during the quarter, compared to analyst estimates of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. Sell-side analysts forecast 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.