Endava plc (NYSE:DAVA) Stock Holdings Lifted by Findell Capital Management LLC

Findell Capital Management LLC raised its stake in shares of Endava plc (NYSE:DAVA) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 440,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Endava accounts for about 5.6% of Findell Capital Management LLC’s portfolio, making the stock its 4th biggest position. Findell Capital Management LLC owned about 0.75% of Endava worth $13,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of DAVA. Circumference Group LLC grew its stake in shares of Endava by 12.7% during the 4th quarter. Circumference Group LLC now owns 169,000 shares of the company’s stock worth $5,222,000 after purchasing an additional 19,000 shares during the period. Alyeska Investment Group L.P. lifted its stake in Endava by 80.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,806,044 shares of the company’s stock worth $55,807,000 after purchasing an additional 805,903 shares during the last quarter. Kerrisdale Advisers LLC raised its position in Endava by 18.7% in the 4th quarter. Kerrisdale Advisers LLC now owns 359,942 shares of the company’s stock valued at $11,122,000 after purchasing an additional 56,781 shares during the last quarter. Sompo Asset Management Co. Ltd. lifted its position in Endava by 10.1% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 15,680 shares of the company’s stock valued at $485,000 after purchasing an additional 1,440 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in Endava by 7.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,549,317 shares of the company’s stock worth $78,774,000 after purchasing an additional 171,048 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DAVA shares. Susquehanna cut their price target on shares of Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday, February 21st. Morgan Stanley raised 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. Finally, Needham & Company LLC lowered their price objective on Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Endava presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.51.

Endava Stock Performance

NYSE DAVA opened at $19.88 on Friday. Endava plc has a twelve month low of $16.60 and a twelve month high of $34.94. The stock has a fifty day simple moving average of $19.55 and a 200 day simple moving average of $26.01. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 180.73, a PEG ratio of 2.26 and a beta of 1.25. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS 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 analysts’ expectations of $197.33 million. Sell-side analysts expect that Endava plc will post 0.57 EPS for the current year.

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.