Sovereign s Capital Management LLC Takes Position in Endava plc (NYSE:DAVA)

Sovereign s Capital Management LLC acquired a new position in shares of Endava plc (NYSE:DAVA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 142,294 shares of the company's stock, valued at approximately $4,397,000. Endava makes up about 2.8% of Sovereign s Capital Management LLC's holdings, making the stock its 5th largest position. Sovereign s Capital Management LLC owned about 0.24% of Endava as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DAVA. Assetmark Inc. lifted its holdings in shares of Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after purchasing an additional 475 shares in the last quarter. Blue Trust Inc. raised its position in shares of Endava by 28.5% in the fourth 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 last quarter. Quadrant Capital Group LLC raised its position in shares of Endava by 114.2% in 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. State of Tennessee Department of Treasury acquired a new position in shares of Endava in the fourth quarter valued at approximately $100,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Endava by 60.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock valued at $126,000 after buying an additional 1,538 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DAVA shares. TD Cowen lowered shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 price objective for the company. in a research report on Thursday, May 15th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $18.00 price objective on shares of Endava in a research report on Monday. Morgan Stanley boosted their price objective on shares of Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Guggenheim cut their price objective on shares of Endava from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Needham & Company LLC dropped their price target on shares of Endava from $22.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $29.71.

Endava Price Performance

DAVA stock remained flat at $14.70 on Thursday. 696,159 shares of the company traded hands, compared to its average volume of 527,138. Endava plc has a 1 year low of $14.32 and a 1 year high of $34.94. The company has a fifty day simple moving average of $18.49 and a two-hundred day simple moving average of $25.46. The firm has a market cap of $867.76 million, a PE ratio of 133.64, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. 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 (NYSE:DAVA - Get Free Report) last released 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 return on equity of 0.89% and a net margin of 0.74%. The business had revenue of $250.63 million during the quarter, compared to analyst estimates of $197.33 million. Equities research analysts expect that Endava plc will post 0.57 earnings per share for the current year.

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.