SIH Partners LLLP Makes New Investment in Endava plc (NYSE:DAVA)

SIH Partners LLLP bought a new stake in Endava plc (NYSE:DAVA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,505 shares of the company’s stock, valued at approximately $417,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. HighTower Advisors LLC grew its stake in Endava by 11.7% in the 3rd quarter. HighTower Advisors LLC now owns 15,143 shares of the company’s stock valued at $390,000 after purchasing an additional 1,592 shares during the period. State Street Corp boosted its holdings in shares of Endava by 33.0% in the 3rd quarter. State Street Corp now owns 80,148 shares of the company’s stock worth $2,047,000 after buying an additional 19,884 shares during the last quarter. 272 Capital LP boosted its holdings in shares of Endava by 156.3% in the 3rd quarter. 272 Capital LP now owns 145,146 shares of the company’s stock worth $3,707,000 after buying an additional 88,518 shares during the last quarter. GAMMA Investing LLC increased its holdings in Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after buying an additional 745 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Endava by 1,299.1% during the fourth quarter. SG Americas Securities LLC now owns 430,366 shares of the company’s stock worth $13,298,000 after buying an additional 399,605 shares during the last quarter. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Trading Down 0.4 %

Shares of DAVA stock opened at $17.04 on Tuesday. Endava plc has a 1 year low of $16.60 and a 1 year high of $34.94. The company’s fifty day simple moving average is $22.08 and its two-hundred day simple moving average is $26.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 154.91, a PEG ratio of 2.26 and a beta of 1.33.

Endava (NYSE:DAVA) last issued its 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). Endava had a return on equity of 0.89% and a net margin of 0.74%. The company had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. As a group, analysts anticipate that Endava plc will post 0.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DAVA. Susquehanna reduced their target price on shares of Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Friday, February 21st. Morgan Stanley upped their price objective on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC decreased their target price on Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.10.

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.