Vontobel Holding Ltd. Invests $218,000 in Endava plc (NYSE:DAVA)

Vontobel Holding Ltd. bought a new position in Endava plc (NYSE:DAVA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,800 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors have also recently made changes to their positions in DAVA. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Endava in the 3rd quarter worth approximately $58,433,000. Invesco Ltd. raised its position in shares of Endava by 156.5% in the 3rd quarter. Invesco Ltd. now owns 866,076 shares of the company’s stock worth $49,669,000 after acquiring an additional 528,384 shares in the last quarter. FMR LLC increased its position in Endava by 16.5% during the 3rd quarter. FMR LLC now owns 1,807,318 shares of the company’s stock valued at $103,650,000 after buying an additional 256,250 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Endava during the 4th quarter valued at approximately $17,540,000. Finally, Manning & Napier Group LLC bought a new position in Endava during the 3rd quarter valued at approximately $8,436,000. Institutional investors own 62.23% of the company’s stock.

Endava Price Performance

DAVA stock opened at $29.98 on Thursday. The company has a market cap of $1.73 billion, a P/E ratio of 20.68 and a beta of 1.10. Endava plc has a 1 year low of $29.54 and a 1 year high of $81.06. The stock’s fifty day moving average price is $41.39 and its 200-day moving average price is $57.81.

Endava (NYSE:DAVA) last announced its earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Endava had a return on equity of 11.77% and a net margin of 8.88%. The company had revenue of $227.96 million during the quarter, compared to the consensus estimate of $231.07 million. As a group, analysts expect that Endava plc will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Citigroup cut their target price on Endava from $40.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday. Morgan Stanley reiterated an “equal weight” rating and set a $40.00 target price on shares of Endava in a research note on Monday. JPMorgan Chase & Co. upgraded Endava from a “neutral” rating to an “overweight” rating and set a $49.00 target price on the stock in a research note on Tuesday, March 19th. HSBC downgraded Endava from a “buy” rating to a “hold” rating and increased their target price for the company from $68.00 to $80.00 in a research note on Monday, January 8th. Finally, Guggenheim assumed coverage on Endava in a research note on Tuesday, March 19th. They set a “buy” rating and a $60.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.56.

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.