Invesco Ltd. Has $101.23 Million Stock Position in Endava plc (NYSE:DAVA)

Invesco Ltd. boosted its holdings in shares of Endava plc (NYSE:DAVA) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 3,276,183 shares of the company’s stock after buying an additional 81,004 shares during the quarter. Invesco Ltd. owned 0.06% of Endava worth $101,234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of Endava by 28.5% during the fourth 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 period. Precision Wealth Strategies LLC boosted its stake in shares of Endava by 4.5% during the 4th quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company’s stock valued at $277,000 after buying an additional 383 shares during the period. Assetmark Inc. increased its stake in shares of Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after acquiring an additional 475 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Endava by 86.4% in 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, Quadrant Capital Group LLC raised its holdings in shares of Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after acquiring an additional 786 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Analysts Set New Price Targets

DAVA has been the topic of several research reports. Needham & Company LLC dropped their target price on Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Morgan Stanley raised their price objective on shares of Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Susquehanna reduced their target price on shares of Endava from $55.00 to $50.00 and set a “positive” 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 assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.10.

Endava Stock Performance

Shares of DAVA opened at $17.93 on Monday. 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 $16.70 and a one year high of $34.94. The company’s fifty day moving average price is $24.01 and its 200 day moving average price is $26.97. The company has a market capitalization of $1.06 billion, a PE ratio of 162.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.33.

Endava (NYSE:DAVA) last posted its quarterly earnings data 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 business had revenue of $250.63 million for the quarter, compared to analyst estimates of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. As a group, analysts expect that Endava plc will post 0.57 earnings per share for the current year.

Endava 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.