Endava plc (NYSE:DAVA) Shares Purchased by Circumference Group LLC

Circumference Group LLC grew its stake in Endava plc (NYSE:DAVA - Free Report) by 12.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,000 shares of the company's stock after purchasing an additional 19,000 shares during the quarter. Endava comprises about 4.5% of Circumference Group LLC's holdings, making the stock its 6th biggest holding. Circumference Group LLC owned about 0.29% of Endava worth $5,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DAVA. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Endava by 22.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,533,111 shares of the company's stock valued at $140,073,000 after purchasing an additional 842,433 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Endava by 80.6% in 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. JPMorgan Chase & Co. boosted its position in shares of Endava by 187.5% during the 4th quarter. JPMorgan Chase & Co. now owns 858,894 shares of the company's stock valued at $26,540,000 after acquiring an additional 560,190 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Endava in the 4th quarter worth $14,698,000. Finally, SG Americas Securities LLC grew its position in Endava by 1,299.1% in the fourth quarter. SG Americas Securities LLC now owns 430,366 shares of the company's stock worth $13,298,000 after acquiring an additional 399,605 shares in the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Endava Trading Down 0.6 %

NYSE DAVA traded down $0.12 during trading hours on Friday, reaching $19.82. The company had a trading volume of 627,176 shares, compared to its average volume of 482,567. 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 stock has a market capitalization of $1.17 billion, a P/E ratio of 180.18, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. The stock has a 50-day moving average of $19.48 and a 200 day moving average of $25.97. Endava plc has a 1-year low of $16.60 and a 1-year high of $34.94.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DAVA shares. Needham & Company LLC decreased their price objective on shares of Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Susquehanna decreased their price objective on Endava from $55.00 to $50.00 and set a "positive" rating for the company in a research note on Friday, February 21st. Finally, Morgan Stanley lifted their price target on shares of Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Endava presently has an average rating of "Moderate Buy" and an average price target of $38.51.

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.