State of New Jersey Common Pension Fund D Has $7.65 Million Stock Holdings in Endava plc (NYSE:DAVA)

State of New Jersey Common Pension Fund D raised its position in Endava plc (NYSE:DAVA) by 12.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 98,321 shares of the company’s stock after acquiring an additional 11,071 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Endava were worth $7,654,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Endava by 194.9% during the third quarter. Signaturefd LLC now owns 1,153 shares of the company’s stock worth $66,000 after purchasing an additional 762 shares during the last quarter. Global Retirement Partners LLC increased its stake in Endava by 41.8% in the 3rd quarter. Global Retirement Partners LLC now owns 1,234 shares of the company’s stock valued at $69,000 after buying an additional 364 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in Endava during the 4th quarter worth about $81,000. Citigroup Inc. boosted its stake in shares of Endava by 4,429.2% during the 3rd quarter. Citigroup Inc. now owns 2,174 shares of the company’s stock worth $125,000 after buying an additional 2,126 shares during the last quarter. Finally, Y.D. More Investments Ltd bought a new position in shares of Endava in the 3rd quarter valued at about $149,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DAVA. TD Cowen reduced their price target on Endava from $85.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Guggenheim started coverage on shares of Endava in a research note on Tuesday, March 19th. They issued a “buy” rating and a $60.00 target price for the company. HSBC lowered shares of Endava from a “buy” rating to a “hold” rating and upped their price target for the stock from $68.00 to $80.00 in a research report on Monday, January 8th. Citigroup decreased their price objective on shares of Endava from $40.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $40.00 target price on shares of Endava in a report on Monday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.56.

Endava Trading Up 2.4 %

DAVA stock traded up $0.70 during trading hours on Friday, hitting $29.80. 405,835 shares of the stock were exchanged, compared to its average volume of 577,906. Endava plc has a 12 month low of $29.02 and a 12 month high of $81.06. The company has a 50-day simple moving average of $40.60 and a two-hundred day simple moving average of $57.61. The firm has a market capitalization of $1.72 billion, a P/E ratio of 20.57 and a beta of 1.10.

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

Endava Company 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.