New York State Common Retirement Fund Acquires Shares of 14,290 Endava plc (NYSE:DAVA)

New York State Common Retirement Fund bought a new position in Endava plc (NYSE:DAVA) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 14,290 shares of the company’s stock, valued at approximately $442,000.

A number of other large investors have also recently modified their holdings of DAVA. Raymond James & Associates lifted its stake in shares of Endava by 3.4% in the 3rd quarter. Raymond James & Associates now owns 107,042 shares of the company’s stock valued at $2,734,000 after purchasing an additional 3,513 shares during the period. US Bancorp DE raised its holdings in Endava by 15.3% in the third quarter. US Bancorp DE now owns 18,058 shares of the company’s stock worth $461,000 after purchasing an additional 2,398 shares in the last quarter. Malaga Cove Capital LLC lifted its position in Endava by 5.3% during the third quarter. Malaga Cove Capital LLC now owns 36,617 shares of the company’s stock valued at $935,000 after buying an additional 1,858 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Endava by 27.9% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 279,565 shares of the company’s stock valued at $7,140,000 after buying an additional 60,941 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its holdings in shares of Endava by 8.7% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock valued at $6,279,000 after buying an additional 19,669 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Analyst Ratings Changes

DAVA has been the subject of a number of recent research reports. Bank of America assumed coverage on shares of Endava in a research report on Friday, November 22nd. They set a “neutral” rating and a $29.00 price target for the company. Morgan Stanley raised their target price on shares of Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Guggenheim dropped their price target on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Susquehanna reduced their price objective on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Friday, February 21st. Finally, Needham & Company LLC lowered their price objective on 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 given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.10.

Endava Stock Performance

DAVA stock opened at $23.22 on Wednesday. The stock’s 50 day simple moving average is $30.93 and its 200 day simple moving average is $29.09. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava plc has a 12-month low of $23.02 and a 12-month high of $40.65. The stock has a market capitalization of $1.37 billion, a PE ratio of 211.06, a price-to-earnings-growth ratio of 2.26 and a beta of 1.22.

Endava (NYSE:DAVA) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The business had revenue of $250.63 million for the quarter, compared to the consensus estimate of $197.33 million. As a group, research 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.