Polar Asset Management Partners Inc. Takes $5.49 Million Position in Endava plc (NYSE:DAVA)

Polar Asset Management Partners Inc. bought a new position in Endava plc (NYSE:DAVA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 177,800 shares of the company's stock, valued at approximately $5,494,000. Polar Asset Management Partners Inc. owned approximately 0.30% of Endava as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in Endava during the fourth quarter valued at $215,000. Natixis Advisors LLC increased its position in Endava by 44.8% during the fourth quarter. Natixis Advisors LLC now owns 45,340 shares of the company's stock valued at $1,401,000 after acquiring an additional 14,023 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Endava by 13.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company's stock valued at $6,313,000 after acquiring an additional 25,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Endava by 35.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,289 shares of the company's stock worth $843,000 after purchasing an additional 7,124 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Endava by 26.1% in the fourth quarter. Sei Investments Co. now owns 118,095 shares of the company's stock worth $3,649,000 after purchasing an additional 24,426 shares during the last quarter. Institutional investors own 62.23% of the company's stock.

Endava Stock Down 0.6%

Shares of DAVA stock traded down $0.09 during mid-day trading on Wednesday, hitting $14.97. 239,055 shares of the stock traded hands, compared to its average volume of 526,409. The stock has a market cap of $883.40 million, a P/E ratio of 136.05, a P/E/G ratio of 2.26 and a beta of 1.25. The stock's fifty day moving average is $18.76 and its two-hundred day moving average is $25.60. Endava plc has a 52-week low of $14.32 and a 52-week high of $34.94. 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 results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $250.63 million for the quarter, compared to analysts' expectations of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. Equities analysts predict that Endava plc will post 0.57 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on DAVA. TD Cowen cut shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 price target on the stock. in a report on Thursday, May 15th. Cowen cut shares of Endava from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Guggenheim cut their price target on shares of Endava from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Susquehanna cut their price target on shares of Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $18.00 price target on shares of Endava in a report on Monday. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $29.71.

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.