Endava plc (NYSE:DAVA) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP raised its position in Endava plc (NYSE:DAVA) by 53.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,873 shares of the company’s stock after acquiring an additional 13,158 shares during the quarter. GSA Capital Partners LLP’s holdings in Endava were worth $967,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Endava in the first quarter valued at approximately $832,000. AEGON ASSET MANAGEMENT UK Plc boosted its position in Endava by 8.7% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock valued at $6,279,000 after buying an additional 19,669 shares during the period. XTX Topco Ltd acquired a new position in shares of Endava in the second quarter worth $941,000. Horrell Capital Management Inc. increased its position in shares of Endava by 76.5% during the third quarter. Horrell Capital Management Inc. now owns 150,000 shares of the company’s stock worth $3,831,000 after acquiring an additional 65,000 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Endava by 9.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 311,992 shares of the company’s stock valued at $11,868,000 after acquiring an additional 27,797 shares in the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on DAVA shares. Susquehanna cut their price target on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a report on Friday, September 20th. Needham & Company LLC upped their target price on shares of Endava from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen raised their target price on shares of Endava from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday. Guggenheim dropped their price objective on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.91.

Endava Price Performance

Shares of NYSE:DAVA opened at $26.88 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.74. Endava plc has a 12 month low of $23.28 and a 12 month high of $81.06. The firm has a market capitalization of $1.55 billion, a P/E ratio of 192.00 and a beta of 1.21. The company’s fifty day moving average price is $26.64 and its 200 day moving average price is $28.52.

Endava (NYSE:DAVA) last posted its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.13). The firm had revenue of $245.30 million during the quarter, compared to analysts’ expectations of $248.65 million. Endava had a net margin of 0.92% and a return on equity of 1.10%. As a group, sell-side analysts predict that Endava plc will post 0.77 earnings per share for the current fiscal 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.