Blue Trust Inc. Makes New $30,000 Investment in Endava plc (NYSE:DAVA)

Blue Trust Inc. bought a new position in Endava plc (NYSE:DAVA) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,163 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors have also bought and sold shares of DAVA. Paradice Investment Management LLC purchased a new position in Endava in the 2nd quarter worth approximately $18,695,000. Millennium Management LLC lifted its stake in Endava by 64.5% in the 2nd quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock worth $16,697,000 after purchasing an additional 223,964 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Endava by 15,560.6% in the 1st quarter. Lazard Asset Management LLC now owns 171,170 shares of the company’s stock worth $6,511,000 after purchasing an additional 170,077 shares in the last quarter. Mawer Investment Management Ltd. purchased a new position in Endava in the 2nd quarter worth approximately $4,915,000. Finally, Acadian Asset Management LLC raised its position in shares of Endava by 4,578.4% during the 2nd quarter. Acadian Asset Management LLC now owns 169,500 shares of the company’s stock valued at $4,949,000 after buying an additional 165,877 shares during the period. 62.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup reduced their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Needham & Company LLC reduced their price target on shares of Endava from $42.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Susquehanna reduced their price target on shares of Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research report on Friday, September 20th. JPMorgan Chase & Co. lifted their price target on shares of Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Guggenheim reduced their price target on shares of Endava from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Three investment 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 presently has an average rating of “Moderate Buy” and an average target price of $41.71.

Endava Stock Up 0.3 %

Endava stock opened at $23.71 on Friday. Endava plc has a fifty-two week low of $23.28 and a fifty-two week high of $81.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a 50 day moving average price of $27.58 and a 200 day moving average price of $28.75. The company has a market capitalization of $1.37 billion, a PE ratio of 65.86 and a beta of 1.21.

Endava (NYSE:DAVA) last posted its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.13). Endava had a net margin of 2.30% and a return on equity of 2.75%. The company had revenue of $245.30 million during the quarter, compared to analyst estimates of $248.65 million. Research analysts expect that Endava plc will post 0.77 earnings per share for the current year.

About Endava

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.