Eagle Asset Management Inc. trimmed its holdings in Endava plc (NYSE:DAVA – Get Rating) by 22.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,170 shares of the company’s stock after selling 22,675 shares during the period. Eagle Asset Management Inc. owned 0.14% of Endava worth $12,728,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its position in shares of Endava by 6.2% in the third quarter. American Century Companies Inc. now owns 339,672 shares of the company’s stock valued at $46,144,000 after buying an additional 19,910 shares during the last quarter. First Trust Advisors LP raised its position in shares of Endava by 255.0% in the fourth quarter. First Trust Advisors LP now owns 33,323 shares of the company’s stock valued at $5,596,000 after buying an additional 23,936 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Endava in the fourth quarter valued at about $32,319,000. EAM Global Investors LLC raised its position in shares of Endava by 17.6% in the third quarter. EAM Global Investors LLC now owns 42,404 shares of the company’s stock valued at $5,761,000 after buying an additional 6,338 shares during the last quarter. Finally, Segantii Capital Management Ltd acquired a new stake in shares of Endava in the fourth quarter valued at about $1,587,000. Institutional investors and hedge funds own 49.74% of the company’s stock.
DAVA has been the subject of a number of recent research reports. Susquehanna reduced their target price on shares of Endava from $200.00 to $150.00 in a research report on Friday, May 13th. Morgan Stanley upped their price objective on shares of Endava from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, February 17th. Cowen dropped their price objective on shares of Endava from $155.00 to $125.00 in a report on Friday, May 13th. Citigroup dropped their price objective on shares of Endava from $195.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, February 17th. Finally, Susquehanna Bancshares dropped their price objective on shares of Endava from $200.00 to $150.00 in a report on Friday, May 13th. One investment analyst has 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 “Buy” and a consensus target price of $151.00.
Endava (NYSE:DAVA – Get Rating) last announced its earnings results on Thursday, May 12th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $169.20 million during the quarter, compared to analyst estimates of $162.36 million. Endava had a net margin of 11.84% and a return on equity of 20.94%. Endava’s revenue was up 50.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share. As a group, sell-side analysts anticipate that Endava plc will post 1.57 EPS for the current fiscal year.
Endava Company Profile (Get Rating)
Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. The company offers technology and digital advisory services for payments and financial services, and TMT sectors; IT strategies; business analysis services; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.
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