Endava plc (NYSE:DAVA) Shares Bought by 272 Capital LP

272 Capital LP grew its holdings in shares of Endava plc (NYSE:DAVA) by 156.3% during the third quarter, Holdings Channel reports. The firm owned 145,146 shares of the company’s stock after purchasing an additional 88,518 shares during the quarter. Endava comprises about 1.9% of 272 Capital LP’s holdings, making the stock its 21st largest position. 272 Capital LP’s holdings in Endava were worth $3,707,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Precision Wealth Strategies LLC increased its stake in Endava by 6.7% during the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after purchasing an additional 540 shares during the period. Signaturefd LLC increased its stake in Endava by 84.1% during the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after purchasing an additional 886 shares during the period. Strengthening Families & Communities LLC increased its stake in Endava by 11.4% during the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock worth $233,000 after purchasing an additional 933 shares during the period. Portside Wealth Group LLC increased its stake in Endava by 7.7% during the second quarter. Portside Wealth Group LLC now owns 15,268 shares of the company’s stock worth $446,000 after purchasing an additional 1,090 shares during the period. Finally, Blue Trust Inc. purchased a new stake in Endava during the third quarter worth about $30,000. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Endava Stock Performance

Shares of DAVA opened at $31.48 on Friday. The stock has a 50 day moving average price of $26.76 and a 200 day moving average price of $28.26. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 217.93, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. Endava plc has a 52-week low of $23.28 and a 52-week high of $81.06.

Endava (NYSE:DAVA) last announced its quarterly earnings results 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). The business had revenue of $245.30 million during the quarter, compared to analyst estimates of $248.65 million. Endava had a net margin of 0.92% and a return on equity of 1.10%. Research analysts predict that Endava plc will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on DAVA shares. Citigroup cut their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. boosted their price target on shares of Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Guggenheim cut their target price on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Susquehanna cut their target price on shares of Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. Finally, TD Cowen upped their target price on shares of Endava from $35.00 to $36.00 and gave the stock 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Endava has a consensus rating of “Moderate Buy” and a consensus price target of $39.83.

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.