AEGON ASSET MANAGEMENT UK Plc Acquires 86,870 Shares of Endava plc (NYSE:DAVA)

AEGON ASSET MANAGEMENT UK Plc increased its holdings in Endava plc (NYSE:DAVA) by 35.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 332,642 shares of the company’s stock after purchasing an additional 86,870 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Endava were worth $10,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DAVA. Wasatch Advisors LP lifted its position in shares of Endava by 6.7% in the 3rd quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company’s stock worth $40,319,000 after purchasing an additional 98,875 shares during the period. Mawer Investment Management Ltd. increased its position in shares of Endava by 613.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock worth $30,610,000 after buying an additional 1,030,403 shares during the period. FMR LLC raised its stake in Endava by 1.4% during the third quarter. FMR LLC now owns 952,515 shares of the company’s stock worth $24,327,000 after buying an additional 13,106 shares during the last quarter. Fourth Sail Capital LP lifted its holdings in Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock valued at $23,782,000 after buying an additional 247,418 shares during the period. Finally, DF Dent & Co. Inc. boosted its position in Endava by 2.5% during the third quarter. DF Dent & Co. Inc. now owns 777,108 shares of the company’s stock valued at $19,847,000 after acquiring an additional 18,882 shares during the last quarter. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DAVA has been the subject of several research analyst reports. Citigroup lowered their price objective on Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Bank of America assumed coverage on Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 target price for the company. Guggenheim dropped their price target on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. TD Cowen raised their price objective on shares of Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Needham & Company LLC boosted their target price on shares of Endava from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Endava currently has an average rating of “Moderate Buy” and an average target price of $40.46.

Endava Stock Performance

NYSE DAVA opened at $32.21 on Friday. The company has a market cap of $1.90 billion, a P/E ratio of 230.05, a PEG ratio of 2.23 and a beta of 1.22. The company has a fifty day simple moving average of $30.16 and a 200 day simple moving average of $29.04. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava plc has a 12-month low of $23.28 and a 12-month high of $76.67.

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.