Endava plc (NYSE:DAVA) Shares Bought by Kerrisdale Advisers LLC

Kerrisdale Advisers LLC raised its holdings in shares of Endava plc (NYSE:DAVA - Free Report) by 18.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 359,942 shares of the company's stock after acquiring an additional 56,781 shares during the period. Endava makes up 3.8% of Kerrisdale Advisers LLC's holdings, making the stock its 8th largest position. Kerrisdale Advisers LLC owned 0.61% of Endava worth $11,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. grew its holdings in shares of Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after buying an additional 331 shares during the period. Precision Wealth Strategies LLC boosted its stake in Endava by 4.5% in the 4th quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company's stock worth $277,000 after purchasing an additional 383 shares during the period. Assetmark Inc. boosted its stake in Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after purchasing an additional 475 shares during the period. GAMMA Investing LLC boosted its stake in Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after purchasing an additional 745 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after purchasing an additional 786 shares during the period. Institutional investors own 62.23% of the company's stock.

Endava Stock Performance

DAVA traded down $0.18 during trading on Tuesday, hitting $18.26. The stock had a trading volume of 132,973 shares, compared to its average volume of 482,615. The company has a 50 day moving average price of $20.57 and a 200-day moving average price of $26.42. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 166.18, a P/E/G ratio of 2.26 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. Endava plc has a one year low of $16.60 and a one year high of $34.94.

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

Wall Street Analysts Forecast Growth

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

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.