GW&K Investment Management LLC Has $61.73 Million Stock Holdings in Endava plc (NYSE:DAVA)

GW&K Investment Management LLC raised its stake in Endava plc (NYSE:DAVAGet Rating) by 1.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 367,626 shares of the company’s stock after buying an additional 3,754 shares during the quarter. GW&K Investment Management LLC’s holdings in Endava were worth $61,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Endava by 6.2% in the 3rd quarter. American Century Companies Inc. now owns 339,672 shares of the company’s stock valued at $46,144,000 after acquiring an additional 19,910 shares in the last quarter. First Trust Advisors LP grew its position in Endava by 255.0% during the 4th quarter. First Trust Advisors LP now owns 33,323 shares of the company’s stock worth $5,596,000 after acquiring an additional 23,936 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Endava during the 4th quarter worth $32,319,000. EAM Global Investors LLC grew its position in shares of Endava by 17.6% in the 3rd 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 bought a new stake in shares of Endava in the 4th quarter valued at about $1,587,000. 49.74% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the company. Susquehanna reduced their price target on Endava from $200.00 to $150.00 in a research report on Friday, May 13th. Cowen dropped their price objective on Endava from $155.00 to $125.00 in a research note on Friday, May 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on Endava from $154.00 to $94.00 in a research note on Friday, May 13th. Cowen dropped their price objective on Endava from $155.00 to $125.00 in a research note on Friday, May 13th. Finally, Morgan Stanley boosted their price objective on Endava from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, February 17th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Endava presently has a consensus rating of “Buy” and an average target price of $151.00.

DAVA stock traded down $0.21 during trading on Friday, reaching $95.98. 237,667 shares of the stock were exchanged, compared to its average volume of 272,091. The firm’s 50 day moving average is $116.25 and its 200 day moving average is $131.41. Endava plc has a twelve month low of $90.00 and a twelve month high of $172.41. The firm has a market cap of $5.35 billion, a P/E ratio of 55.80 and a beta of 1.17.

Endava (NYSE:DAVAGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Endava had a return on equity of 20.94% and a net margin of 11.84%. The business had revenue of $169.20 million for the quarter, compared to the consensus estimate of $162.36 million. During the same period in the prior year, the business earned $0.32 EPS. The firm’s revenue for the quarter was up 50.7% on a year-over-year basis. As a group, sell-side analysts predict that Endava plc will post 1.57 EPS for the current year.

About Endava (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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Institutional Ownership by Quarter for Endava (NYSE:DAVA)

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