AEGON ASSET MANAGEMENT UK Plc Has $10.28 Million Holdings in Endava plc (NYSE:DAVA)

AEGON ASSET MANAGEMENT UK Plc raised its stake in Endava plc (NYSE:DAVA) by 35.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 332,642 shares of the company’s stock after buying an additional 86,870 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned 0.56% of Endava worth $10,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAVA. Blue Trust Inc. acquired a new stake in shares of Endava in the 3rd quarter valued at approximately $30,000. Signaturefd LLC increased its stake in Endava by 84.1% in the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after purchasing an additional 886 shares in the last quarter. GAMMA Investing LLC raised its holdings in Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after purchasing an additional 745 shares during the period. Precision Wealth Strategies LLC boosted its position in shares of Endava by 6.7% during the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after purchasing an additional 540 shares in the last quarter. Finally, Strengthening Families & Communities LLC boosted its position in shares of Endava by 11.4% during the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock worth $233,000 after purchasing an additional 933 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Endava Stock Performance

Shares of Endava stock opened at $32.21 on Friday. The company’s 50 day moving average price is $30.16 and its two-hundred day moving average price is $29.04. The firm has a market capitalization of $1.90 billion, a P/E ratio of 230.05, a P/E/G ratio of 2.23 and a beta of 1.22. Endava plc has a fifty-two week low of $23.28 and a fifty-two week high of $76.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90.

Endava Profile

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.