Arizona PSPRS Trust Buys New Shares in Endava plc (NYSE:DAVA)

Arizona PSPRS Trust purchased a new position in Endava plc (NYSE:DAVA) during the 4th quarter, Holdings Channel reports. The firm purchased 15,200 shares of the company’s stock, valued at approximately $470,000. Endava accounts for about 0.0% of Arizona PSPRS Trust’s holdings, making the stock its 16th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in DAVA. Blue Trust Inc. lifted 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 valued at $46,000 after buying an additional 331 shares during the period. Precision Wealth Strategies LLC lifted its position in shares of Endava by 4.5% in the 4th quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company’s stock worth $277,000 after acquiring an additional 383 shares during the period. Assetmark Inc. grew its holdings in shares of Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after purchasing an additional 475 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after purchasing an additional 745 shares in the last quarter. 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 valued at $256,000 after purchasing an additional 1,392 shares during the period. Institutional investors own 62.23% of the company’s stock.

Analysts Set New Price Targets

DAVA has been the topic of a number of recent research reports. 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. Susquehanna decreased their target price on shares of Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Friday, February 21st. Finally, Needham & Company LLC dropped their price target on shares of Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Endava currently has an average rating of “Moderate Buy” and a consensus price target of $39.10.

Endava Stock Performance

NYSE DAVA opened at $17.43 on Friday. Endava plc has a 1-year low of $16.70 and a 1-year high of $34.94. The company has a 50 day moving average of $26.02 and a 200-day moving average of $27.42. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 158.49, a PEG ratio of 2.26 and a beta of 1.33.

Endava (NYSE:DAVA) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The business had revenue of $250.63 million for the quarter, compared to analyst estimates of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. On average, equities analysts forecast that Endava plc will post 0.57 earnings per share for the current fiscal 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.