Capital World Investors Takes Position in Endava PLC – (DAVA)

Capital World Investors purchased a new position in shares of Endava PLC – (NYSE:DAVA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 710,000 shares of the company’s stock, valued at approximately $20,555,000. Capital World Investors owned approximately 1.34% of Endava at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DAVA. FMR LLC purchased a new position in Endava during the third quarter worth approximately $23,755,000. BlackRock Inc. purchased a new position in Endava during the third quarter worth approximately $14,213,000. Bamco Inc. NY purchased a new position in Endava during the third quarter worth approximately $8,939,000. Wells Fargo & Company MN purchased a new position in Endava during the third quarter worth approximately $5,996,000. Finally, AXA purchased a new position in Endava during the third quarter worth approximately $3,144,000. Institutional investors own 12.54% of the company’s stock.

A number of brokerages have issued reports on DAVA. Cowen assumed coverage on Endava in a research report on Tuesday, August 21st. They set an “outperform” rating and a $27.00 price target on the stock. Morgan Stanley assumed coverage on Endava in a research report on Tuesday, August 21st. They issued a “weight” rating and a $29.00 target price on the stock. Deutsche Bank assumed coverage on Endava in a research report on Wednesday, August 22nd. They issued a “hold” rating and a $29.00 target price on the stock. Zacks Investment Research downgraded Endava from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. Finally, Citigroup assumed coverage on Endava in a research report on Tuesday, August 21st. They issued a “neutral” rating and a $30.00 target price on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.83.

NYSE DAVA opened at $24.78 on Tuesday. Endava PLC – has a 1-year low of $21.13 and a 1-year high of $31.50.

Endava (NYSE:DAVA) last released its earnings results on Thursday, November 29th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. The firm had revenue of $66.40 million during the quarter, compared to analysts’ expectations of $62.26 million. The business’s revenue was up 39.8% compared to the same quarter last year. On average, sell-side analysts predict that Endava PLC – will post 0.83 EPS for the current year.

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Endava Company Profile

Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.

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Institutional Ownership by Quarter for Endava (NYSE:DAVA)

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