Endava plc (NYSE:DAVA) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Endava plc (NYSE:DAVA) by 44.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,340 shares of the company’s stock after purchasing an additional 14,023 shares during the period. Natixis Advisors LLC owned about 0.08% of Endava worth $1,401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Assetmark Inc. lifted its stake in Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock valued at $30,000 after buying an additional 475 shares in the last quarter. Blue Trust Inc. raised 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 valued at $46,000 after acquiring an additional 331 shares during the period. GAMMA Investing LLC lifted its position in shares of Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after acquiring an additional 745 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Endava by 60.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company’s stock worth $126,000 after purchasing an additional 1,538 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in Endava during the 4th quarter worth approximately $215,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Stock Up 2.1 %

DAVA opened at $21.20 on Wednesday. The firm has a market cap of $1.25 billion, a P/E ratio of 192.73, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The business has a 50 day moving average price of $27.99 and a 200 day moving average price of $28.07. Endava plc has a twelve month low of $20.50 and a twelve month high of $39.10.

Endava (NYSE:DAVA) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $250.63 million for the quarter, compared to the consensus estimate of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. Research analysts forecast that Endava plc will post 0.57 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Susquehanna reduced their target price on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a report on Friday, February 21st. Morgan Stanley lifted their target price on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, 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 report on Friday, February 21st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.10.

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.