Endava plc (NYSE:DAVA) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Endava plc (NYSE:DAVA) by 35.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,289 shares of the company’s stock after purchasing an additional 7,124 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Endava were worth $843,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after purchasing an additional 331 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 buying an additional 745 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Endava in the fourth quarter worth $215,000. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Endava during the fourth quarter worth $222,000. Finally, Jones Financial Companies Lllp increased its position in shares of Endava by 20.2% during the fourth quarter. Jones Financial Companies Lllp now owns 8,284 shares of the company’s stock worth $256,000 after acquiring an additional 1,392 shares during the period. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Trading Down 3.6 %

NYSE DAVA opened at $19.93 on Monday. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 181.15, 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 current ratio of 1.90 and a quick ratio of 1.90. Endava plc has a 12 month low of $19.77 and a 12 month high of $38.05. The company’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $27.84.

Endava (NYSE:DAVA) last posted 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). The business had revenue of $250.63 million during 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%. As a group, research analysts predict that Endava plc will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Needham & Company LLC reduced their price target on Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Susquehanna cut their target price on shares of Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday, February 21st. Finally, Morgan Stanley lifted their price target on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Endava has a consensus rating of “Moderate Buy” and a consensus price target of $39.10.

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.