Endava plc (NYSE:DAVA) is Paradice Investment Management LLC’s 6th Largest Position

Paradice Investment Management LLC lifted its position in shares of Endava plc (NYSE:DAVA) by 24.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 931,024 shares of the company’s stock after acquiring an additional 181,868 shares during the quarter. Endava makes up 5.7% of Paradice Investment Management LLC’s investment portfolio, making the stock its 6th largest position. Paradice Investment Management LLC owned approximately 1.58% of Endava worth $28,769,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DAVA. Wasatch Advisors LP grew its position in shares of Endava by 6.7% in the 3rd quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company’s stock worth $40,319,000 after buying an additional 98,875 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake 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 worth $30,610,000 after acquiring an additional 1,030,403 shares during the period. FMR LLC boosted its stake in Endava by 1.4% during the third quarter. FMR LLC now owns 952,515 shares of the company’s stock valued at $24,327,000 after buying an additional 13,106 shares during the last quarter. Fourth Sail Capital LP raised its holdings 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 worth $23,782,000 after buying an additional 247,418 shares during the period. Finally, DF Dent & Co. Inc. increased its holdings in Endava by 2.5% during the 3rd quarter. DF Dent & Co. Inc. now owns 777,108 shares of the company’s stock worth $19,847,000 after purchasing an additional 18,882 shares during the period. Institutional investors own 62.23% of the company’s stock.

Endava Stock Performance

NYSE:DAVA opened at $34.18 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.02 billion, a PE ratio of 244.16, a PEG ratio of 2.69 and a beta of 1.22. The firm’s fifty day simple moving average is $31.71 and its 200 day simple moving average is $29.27. Endava plc has a 1 year low of $23.28 and a 1 year high of $69.00.

Analyst Ratings Changes

A number of brokerages recently issued reports on DAVA. Needham & Company LLC raised their target price on Endava from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Citigroup lowered their target price on Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Bank of America began coverage on Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective on the stock. Morgan Stanley boosted their target price on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, TD Cowen raised their price target on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Endava currently has a consensus rating of “Moderate Buy” and an average price target of $40.01.

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.