Jones Financial Companies Lllp Boosts Stock Position in Endava plc (NYSE:DAVA)

Jones Financial Companies Lllp boosted its holdings in shares of Endava plc (NYSE:DAVA) by 20.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,284 shares of the company’s stock after purchasing an additional 1,392 shares during the period. Jones Financial Companies Lllp’s holdings in Endava were worth $256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mawer Investment Management Ltd. grew its position in shares of Endava by 613.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock worth $30,610,000 after buying an additional 1,030,403 shares during the last quarter. SG Americas Securities LLC lifted its stake in Endava by 1,299.1% in the fourth quarter. SG Americas Securities LLC now owns 430,366 shares of the company’s stock worth $13,298,000 after acquiring an additional 399,605 shares during the period. Fourth Sail Capital LP boosted its holdings in Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock valued at $23,782,000 after acquiring an additional 247,418 shares in the last quarter. Paradice Investment Management LLC increased its position in Endava by 24.3% during the 4th quarter. Paradice Investment Management LLC now owns 931,024 shares of the company’s stock valued at $28,769,000 after purchasing an additional 181,868 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Endava by 30.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,898 shares of the company’s stock worth $15,372,000 after purchasing an additional 141,250 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Endava Trading Down 0.8 %

Endava stock opened at $21.33 on Thursday. Endava plc has a one year low of $20.70 and a one year high of $40.65. The business’s fifty day moving average is $29.76 and its 200 day moving average is $28.72. The stock has a market capitalization of $1.26 billion, a PE ratio of 193.86, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42. 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) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share 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 for the quarter, compared to analysts’ expectations of $197.33 million. On average, sell-side analysts predict that Endava plc will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

DAVA has been the topic of several research analyst reports. Bank of America initiated coverage on shares of Endava in a research report on Friday, November 22nd. They set a “neutral” rating and a $29.00 price target on the stock. Morgan Stanley lifted their price objective on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Susquehanna decreased their target price on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Friday, February 21st. Needham & Company LLC dropped their price target on Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, TD Cowen upped their price target on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.10.

Endava Company 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.