Findell Capital Management LLC Acquires 50,000 Shares of Endava plc (NYSE:DAVA)

Findell Capital Management LLC boosted its holdings in Endava plc (NYSE:DAVA - Free Report) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 440,000 shares of the company's stock after acquiring an additional 50,000 shares during the period. Endava accounts for about 5.6% of Findell Capital Management LLC's portfolio, making the stock its 4th largest holding. Findell Capital Management LLC owned approximately 0.75% of Endava worth $13,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Endava by 22.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,533,111 shares of the company's stock worth $140,073,000 after buying an additional 842,433 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of Endava by 80.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,806,044 shares of the company's stock valued at $55,807,000 after acquiring an additional 805,903 shares during the period. JPMorgan Chase & Co. boosted its position in Endava by 187.5% during the fourth quarter. JPMorgan Chase & Co. now owns 858,894 shares of the company's stock worth $26,540,000 after purchasing an additional 560,190 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Endava during the fourth quarter worth $14,698,000. Finally, SG Americas Securities LLC boosted its stake in shares of Endava by 1,299.1% during the fourth quarter. SG Americas Securities LLC now owns 430,366 shares of the company's stock valued at $13,298,000 after acquiring an additional 399,605 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company's stock.

Endava Trading Down 30.5%

Shares of NYSE DAVA traded down $6.52 during mid-day trading on Wednesday, hitting $14.89. 4,586,514 shares of the company traded hands, compared to its average volume of 504,549. Endava plc has a 1 year low of $14.51 and a 1 year high of $34.94. The stock has a market capitalization of $878.97 million, a price-to-earnings ratio of 135.36, a PEG ratio of 2.26 and a beta of 1.25. 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 business has a 50 day moving average of $19.44 and a two-hundred day moving average of $25.95.

Endava (NYSE:DAVA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.06). Endava had a net margin of 0.74% and a return on equity of 0.89%. On average, sell-side analysts anticipate that Endava plc will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DAVA shares. Susquehanna reduced their target price on Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a research report on Friday, February 21st. Morgan Stanley lifted their target price on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Needham & Company LLC decreased their target price on Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, Guggenheim decreased their target price on Endava from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $37.31.

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.