State of Tennessee Treasury Department bought a new stake in shares of Endava PLC – (NYSE:DAVA) during the 2nd quarter, HoldingsChannel reports. The firm bought 6,601 shares of the company’s stock, valued at approximately $319,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Ensign Peak Advisors Inc boosted its stake in shares of Endava by 13.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 504,353 shares of the company’s stock worth $24,360,000 after buying an additional 60,918 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Endava in the 2nd quarter worth $1,801,000. Wasatch Advisors Inc. boosted its stake in shares of Endava by 46.7% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,199,088 shares of the company’s stock worth $57,916,000 after buying an additional 381,641 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Endava in the 2nd quarter worth $7,156,000. Finally, Advisors Asset Management Inc. bought a new position in Endava in the 2nd quarter worth $133,000. Institutional investors and hedge funds own 36.87% of the company’s stock.
DAVA stock opened at $56.75 on Wednesday. Endava PLC – has a 1-year low of $27.21 and a 1-year high of $58.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.08. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 109.14, a PEG ratio of 3.10 and a beta of 1.16. The business has a 50 day simple moving average of $53.45 and a two-hundred day simple moving average of $47.16.
Endava (NYSE:DAVA) last posted its quarterly earnings results on Tuesday, September 15th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.07. The business had revenue of $90.50 million during the quarter, compared to the consensus estimate of $86.84 million. Endava had a return on equity of 13.83% and a net margin of 6.85%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. Sell-side analysts anticipate that Endava PLC – will post 0.91 EPS for the current fiscal year.
A number of equities analysts recently commented on the company. Morgan Stanley assumed coverage on Endava in a report on Monday, June 15th. They issued an “equal weight” rating and a $54.00 target price on the stock. Needham & Company LLC raised their target price on Endava from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research raised Endava from a “sell” rating to a “hold” rating in a report on Tuesday, July 21st. Wedbush assumed coverage on Endava in a report on Tuesday, May 26th. They issued an “outperform” rating and a $60.00 target price on the stock. Finally, Citigroup raised their target price on Endava from $49.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Endava presently has an average rating of “Hold” and an average target price of $54.75.
Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.
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