Symphony Financial Ltd. Co. raised its position in shares of Endava plc (NYSE:DAVA) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,842 shares of the company’s stock after purchasing an additional 147 shares during the period. Symphony Financial Ltd. Co.’s holdings in Endava were worth $284,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Grandeur Peak Global Advisors LLC boosted its stake in Endava by 11.9% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 1,443,069 shares of the company’s stock valued at $91,130,000 after purchasing an additional 153,744 shares during the period. Lord Abbett & CO. LLC grew its position in Endava by 13.1% in the third quarter. Lord Abbett & CO. LLC now owns 750,444 shares of the company’s stock worth $47,391,000 after acquiring an additional 86,760 shares in the last quarter. BlackRock Inc. grew its position in Endava by 11.5% in the third quarter. BlackRock Inc. now owns 496,980 shares of the company’s stock worth $31,384,000 after acquiring an additional 51,252 shares in the last quarter. Federated Hermes Inc. grew its position in Endava by 1.1% in the third quarter. Federated Hermes Inc. now owns 491,807 shares of the company’s stock worth $31,058,000 after acquiring an additional 5,433 shares in the last quarter. Finally, AXA S.A. grew its position in Endava by 8.8% in the third quarter. AXA S.A. now owns 294,448 shares of the company’s stock worth $18,594,000 after acquiring an additional 23,733 shares in the last quarter.
Several analysts have commented on DAVA shares. Zacks Investment Research downgraded shares of Endava from a “hold” rating to a “sell” rating in a research report on Wednesday, December 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Endava from $62.00 to $68.00 and gave the stock a “hold” rating in a research note on Friday, November 13th. 140166 boosted their price objective on shares of Endava from $58.00 to $68.00 in a research note on Wednesday, September 16th. Citigroup upgraded shares of Endava from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $57.00 to $67.00 in a research note on Wednesday, September 16th. Finally, Morgan Stanley boosted their price objective on shares of Endava from $59.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, November 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Endava presently has a consensus rating of “Buy” and an average target price of $66.13.
Endava (NYSE:DAVA) last released its earnings results on Thursday, November 12th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The firm had revenue of $95.10 million during the quarter, compared to analysts’ expectations of $93.71 million. Endava had a net margin of 3.70% and a return on equity of 6.07%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. On average, research analysts forecast that Endava plc will post 0.89 EPS for the current fiscal year.
Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and North America. It offers technology and digital advisory services for financial services, healthcare, manufacturing, retail and consumer, business and support services, and TMT sectors; IT strategies; business analysis services in payments, financial services, asset and wealth management, insurance, telecommunications, and digital media areas; 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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