Truist Financial Corp bought a new stake in shares of Endava plc (NYSE:DAVA – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,664 shares of the company’s stock, valued at approximately $207,000.
Several other large investors have also recently bought and sold shares of DAVA. Financial Management Professionals Inc. acquired a new position in shares of Endava during the fourth quarter valued at approximately $81,000. Signaturefd LLC increased its position in shares of Endava by 194.9% during the 3rd quarter. Signaturefd LLC now owns 1,153 shares of the company’s stock valued at $66,000 after purchasing an additional 762 shares during the period. Citigroup Inc. raised its stake in shares of Endava by 4,429.2% in the 3rd quarter. Citigroup Inc. now owns 2,174 shares of the company’s stock worth $125,000 after buying an additional 2,126 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Endava in the fourth quarter valued at $218,000. Finally, Yorktown Management & Research Co Inc bought a new position in Endava during the fourth quarter valued at about $343,000. Institutional investors and hedge funds own 62.23% of the company’s stock.
Endava Trading Up 1.5 %
Shares of Endava stock opened at $29.27 on Wednesday. Endava plc has a 1 year low of $28.13 and a 1 year high of $81.06. The stock has a 50-day moving average price of $33.03 and a 200 day moving average price of $54.62. The company has a market cap of $1.69 billion, a P/E ratio of 20.19 and a beta of 1.14.
Endava (NYSE:DAVA – Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Endava had a return on equity of 11.77% and a net margin of 8.88%. The company had revenue of $227.96 million during the quarter, compared to analysts’ expectations of $231.07 million. On average, equities analysts forecast that Endava plc will post 0.62 earnings per share for the current fiscal year.
Analysts Set New Price Targets
DAVA has been the topic of several research reports. Citigroup dropped their price target on shares of Endava from $40.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Needham & Company LLC reduced their target price on shares of Endava from $70.00 to $50.00 and set a “buy” rating for the company in a report on Friday, March 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $40.00 price target on shares of Endava in a report on Monday, April 22nd. HSBC raised Endava from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. reduced their target price on Endava from $49.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.
View Our Latest Stock Analysis on Endava
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.
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Source: defenseworld.net
