Wasatch Advisors LP Has $40.32 Million Stake in Endava plc (NYSE:DAVA)

Wasatch Advisors LP raised its position in Endava plc (NYSE:DAVA) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,578,646 shares of the company’s stock after purchasing an additional 98,875 shares during the quarter. Wasatch Advisors LP owned 2.73% of Endava worth $40,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DAVA. Mawer Investment Management Ltd. increased its position in shares of Endava by 613.0% in the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock valued at $30,610,000 after acquiring an additional 1,030,403 shares during the last quarter. Paradice Investment Management LLC acquired a new stake in shares of Endava in the second quarter valued at about $18,695,000. Fourth Sail Capital LP increased its position in shares of Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock valued at $23,782,000 after acquiring an additional 247,418 shares during the last quarter. Millennium Management LLC increased its position in shares of Endava by 64.5% in the second quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock valued at $16,697,000 after acquiring an additional 223,964 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Endava by 4,578.4% in the second quarter. Acadian Asset Management LLC now owns 169,500 shares of the company’s stock valued at $4,949,000 after acquiring an additional 165,877 shares during the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DAVA shares. Susquehanna lowered their target price on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research report on Friday, September 20th. JPMorgan Chase & Co. lifted their price target on Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Needham & Company LLC lifted their price target on Endava from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Citigroup reduced their price target on Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Finally, Guggenheim reduced their price target on Endava from $45.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.83.

Endava Trading Down 0.5 %

Shares of NYSE:DAVA opened at $28.31 on Friday. Endava plc has a 12-month low of $23.28 and a 12-month high of $81.06. The stock has a market cap of $1.63 billion, a PE ratio of 202.21, a P/E/G ratio of 2.01 and a beta of 1.21. The business has a 50 day moving average of $26.12 and a 200-day moving average of $28.27. 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 issued its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). Endava had a return on equity of 1.10% and a net margin of 0.92%. The firm had revenue of $245.30 million for the quarter, compared to the consensus estimate of $248.65 million. As a group, equities research analysts forecast that Endava plc will post 0.65 earnings per share for the current year.

About Endava

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.