192,880 Shares in Endava plc (NYSE:DAVA) Bought by Arvin Capital Management LP

Arvin Capital Management LP acquired a new stake in shares of Endava plc (NYSE:DAVA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 192,880 shares of the company's stock, valued at approximately $5,960,000. Endava accounts for 1.7% of Arvin Capital Management LP's investment portfolio, making the stock its 21st largest holding. Arvin Capital Management LP owned 0.33% of Endava as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Assetmark Inc. grew its holdings in Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock valued at $46,000 after buying an additional 786 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after buying an additional 331 shares during the period. GAMMA Investing LLC lifted its stake in shares of Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after acquiring an additional 745 shares during the last quarter. Finally, State of Tennessee Department of Treasury purchased a new position in Endava during the 4th quarter valued at $100,000. 62.23% of the stock is owned by institutional investors.

Endava Stock Down 2.8 %

NYSE:DAVA traded down $0.52 during trading hours on Friday, reaching $18.37. The company's stock had a trading volume of 354,324 shares, compared to its average volume of 482,893. The stock has a 50 day moving average price of $20.82 and a two-hundred day moving average price of $26.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $1.08 billion, a P/E ratio of 167.00, a price-to-earnings-growth ratio of 2.26 and a beta of 1.33. Endava plc has a 12 month low of $16.60 and a 12 month high of $34.94.

Endava (NYSE:DAVA - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The company had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. Equities analysts predict that Endava plc will post 0.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on DAVA shares. Susquehanna decreased their target price on Endava from $55.00 to $50.00 and set a "positive" rating for the company in a research report on Friday, February 21st. Morgan Stanley lifted their price objective on shares of Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, Needham & Company LLC dropped their target price on shares of Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $39.10.

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.