272 Capital LP Has $3.71 Million Holdings in Endava plc (NYSE:DAVA)

272 Capital LP increased its holdings in shares of Endava plc (NYSE:DAVA - Free Report) by 156.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,146 shares of the company's stock after buying an additional 88,518 shares during the quarter. Endava comprises approximately 1.9% of 272 Capital LP's portfolio, making the stock its 21st biggest holding. 272 Capital LP owned approximately 0.25% of Endava worth $3,707,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. purchased a new stake in Endava during the 3rd quarter worth approximately $30,000. Signaturefd LLC increased its position in Endava by 84.1% in the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company's stock valued at $50,000 after acquiring an additional 886 shares during the period. Seven Eight Capital LP bought a new stake in shares of Endava during the second quarter valued at about $216,000. Cetera Advisors LLC lifted its stake in shares of Endava by 35.4% in the 1st quarter. Cetera Advisors LLC now owns 8,065 shares of the company's stock worth $307,000 after acquiring an additional 2,110 shares during the period. Finally, Precision Wealth Strategies LLC lifted its position in Endava by 6.7% in the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company's stock worth $219,000 after purchasing an additional 540 shares during the period. 62.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DAVA. TD Cowen boosted their target price on Endava from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Citigroup cut their price objective on Endava from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, October 28th. Bank of America assumed coverage on Endava in a research report on Friday, November 22nd. They issued a "neutral" rating and a $29.00 target price on the stock. Guggenheim reduced their price target on Endava from $45.00 to $40.00 and set a "buy" rating for the company in a 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 research report on Friday, September 6th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.83.

Endava Stock Performance

DAVA traded down $0.50 during trading on Friday, reaching $29.99. 499,129 shares of the company's stock were exchanged, compared to its average volume of 527,928. The company has a market capitalization of $1.77 billion, a P/E ratio of 214.21, a PEG ratio of 2.16 and a beta of 1.24. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $26.86 and a 200 day moving average price of $28.26. Endava plc has a fifty-two week low of $23.28 and a fifty-two week high of $81.06.

Endava (NYSE:DAVA - Get Free Report) last posted its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.13). The business had revenue of $245.30 million during the quarter, compared to the consensus estimate of $248.65 million. Endava had a net margin of 0.92% and a return on equity of 1.10%. As a group, analysts predict that Endava plc will post 0.65 earnings per share for the current fiscal year.

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.