Barclays PLC Raises Position in Endava plc (NYSE:DAVA)

Barclays PLC lifted its position in shares of Endava plc (NYSE:DAVA - Free Report) by 22,933.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,275 shares of the company's stock after purchasing an additional 17,200 shares during the quarter. Barclays PLC's holdings in Endava were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

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Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after acquiring an additional 331 shares during the last quarter. Precision Wealth Strategies LLC lifted its position in Endava by 4.5% in the 4th quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company's stock valued at $277,000 after acquiring an additional 383 shares in the last quarter. Assetmark Inc. boosted its stake in Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. GAMMA Investing LLC raised 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 purchasing an additional 745 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after buying an additional 786 shares in the last quarter. 62.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DAVA has been the topic of several research analyst reports. Susquehanna lowered their price target on Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a report on Friday, February 21st. Needham & Company LLC reduced their target price on shares of Endava from $43.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, 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 report on Friday, January 31st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.51.

• Endava Trading Higher After Topping Q4 Consensus Views

Get Our Latest Stock Analysis on Endava

Endava Trading Up 4.0 %

Shares of NYSE:DAVA opened at $19.88 on Friday. The business's 50-day moving average is $19.55 and its 200 day moving average is $26.01. 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 1 year low of $16.60 and a 1 year high of $34.94. The firm has a market capitalization of $1.17 billion, a P/E ratio of 180.73, a P/E/G ratio of 2.26 and a beta of 1.25.

Endava (NYSE:DAVA - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The company had revenue of $250.63 million during the quarter, compared to analysts' expectations of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. On average, research analysts predict that Endava plc will post 0.57 earnings per share for the current fiscal 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.

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