Pier Capital LLC Acquires Shares of 218,621 Endava plc (NYSE:DAVA)

Pier Capital LLC bought a new position in shares of Endava plc (NYSE:DAVA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 218,621 shares of the company’s stock, valued at approximately $6,755,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Endava by 33.0% during the 3rd quarter. State Street Corp now owns 80,148 shares of the company’s stock valued at $2,047,000 after buying an additional 19,884 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Endava during the 4th quarter valued at $215,000. Robeco Institutional Asset Management B.V. grew its holdings in Endava by 13.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company’s stock worth $6,313,000 after acquiring an additional 25,000 shares in the last quarter. 272 Capital LP increased its position in shares of Endava by 156.3% in the 3rd quarter. 272 Capital LP now owns 145,146 shares of the company’s stock worth $3,707,000 after purchasing an additional 88,518 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new stake in shares of Endava in the 4th quarter worth about $442,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Stock Performance

DAVA stock opened at $20.81 on Tuesday. Endava plc has a 1 year low of $20.50 and a 1 year high of $39.19. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 189.21, a PEG ratio of 2.26 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The stock’s fifty day moving average is $28.19 and its two-hundred day moving average is $28.14.

Endava (NYSE:DAVA) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The firm had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. On average, research analysts predict that Endava plc will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

DAVA has been the topic of several research analyst reports. Morgan Stanley increased their price target on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Susquehanna reduced their target price on Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Friday, February 21st. Finally, Needham & Company LLC lowered their price target on Endava from $43.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.10.

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.