Pendal Group Ltd grew its holdings in shares of Endava PLC – (NYSE:DAVA) by 11.4% in the second quarter, Holdings Channel reports. The institutional investor owned 19,566 shares of the company’s stock after acquiring an additional 2,000 shares during the period. Pendal Group Ltd’s holdings in Endava were worth $787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wasatch Advisors Inc. lifted its position in shares of Endava by 46.0% during the first quarter. Wasatch Advisors Inc. now owns 162,129 shares of the company’s stock valued at $4,459,000 after purchasing an additional 51,077 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new position in shares of Endava during the second quarter valued at about $2,766,000. MYDA Advisors LLC bought a new position in shares of Endava during the first quarter valued at about $1,430,000. Marshall Wace LLP lifted its position in shares of Endava by 52.6% during the first quarter. Marshall Wace LLP now owns 45,007 shares of the company’s stock valued at $1,238,000 after purchasing an additional 15,519 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Endava during the second quarter valued at about $1,196,000. Hedge funds and other institutional investors own 13.96% of the company’s stock.

A number of research firms recently weighed in on DAVA. KeyCorp began coverage on shares of Endava in a research report on Thursday, June 6th. They set a “sector weight” rating and a $38.26 price target on the stock. Morgan Stanley raised their price target on shares of Endava from $33.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 22nd. ValuEngine raised shares of Endava from a “hold” rating to a “buy” rating in a research report on Monday, July 29th. Finally, Zacks Investment Research lowered shares of Endava from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Endava currently has an average rating of “Hold” and a consensus price target of $31.32.

DAVA stock traded down $0.23 during mid-day trading on Friday, hitting $34.86. The company had a trading volume of 26,200 shares, compared to its average volume of 72,745. The firm has a market cap of $1.96 billion and a PE ratio of 49.10. Endava PLC – has a 12 month low of $21.13 and a 12 month high of $43.93. The stock’s fifty day moving average price is $38.88 and its two-hundred day moving average price is $32.55.

Endava (NYSE:DAVA) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The business had revenue of $73.06 million for the quarter, compared to analyst estimates of $71.82 million. Endava had a net margin of 9.59% and a return on equity of 30.34%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, sell-side analysts forecast that Endava PLC – will post 0.8 EPS for the current year.

About Endava

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.

See Also: SEC Filing

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Institutional Ownership by Quarter for Endava (NYSE:DAVA)

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