Endava plc (NYSE:DAVA) Stock Holdings Increased by Findell Capital Management LLC

Findell Capital Management LLC boosted its stake in shares of Endava plc (NYSE:DAVA - Free Report) by 12.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 440,000 shares of the company's stock after buying an additional 50,000 shares during the period. Endava makes up approximately 5.6% of Findell Capital Management LLC's holdings, 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 reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assetmark Inc. grew its position in shares of Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after buying an additional 475 shares in the last quarter. Blue Trust Inc. grew its position in shares of Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after buying an additional 331 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after buying an additional 786 shares in the last quarter. GAMMA Investing LLC grew its position 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 buying an additional 745 shares in the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in shares of Endava during the 4th quarter worth $100,000. Hedge funds and other institutional investors own 62.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DAVA. 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. Morgan Stanley upped their price objective on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Finally, Needham & Company LLC decreased their price objective on Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 21st. 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, Endava currently has a consensus rating of "Moderate Buy" and an average target price of $38.51.

Endava Trading Down 0.6%

Endava stock traded down $0.12 during midday trading on Friday, reaching $19.82. 627,176 shares of the stock traded hands, compared to its average volume of 482,567. The company has a 50-day simple moving average of $19.48 and a two-hundred day simple moving average of $25.98. Endava plc has a 12-month low of $16.60 and a 12-month high of $34.94. The firm has a market cap of $1.17 billion, a PE ratio of 180.18, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA - Get Free Report) last announced its quarterly earnings data 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 net margin of 0.74% and a return on equity of 0.89%. The company had revenue of $250.63 million during the quarter, compared to analysts' expectations of $197.33 million. Research analysts expect that Endava plc will post 0.57 earnings per share for the current fiscal year.

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.