Arvin Capital Management LP Takes $5.96 Million Position in Endava plc (NYSE:DAVA)

Arvin Capital Management LP bought a new position in shares of Endava plc (NYSE:DAVA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 192,880 shares of the company's stock, valued at approximately $5,960,000. Endava makes up about 1.7% of Arvin Capital Management LP's portfolio, making the stock its 21st biggest position. Arvin Capital Management LP owned 0.33% of Endava at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Assetmark Inc. grew its holdings in shares of Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Blue Trust Inc. grew its holdings in Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after acquiring an additional 331 shares during the last quarter. Quadrant Capital Group LLC increased its position in Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock valued at $46,000 after acquiring an additional 786 shares during the period. GAMMA Investing LLC raised its stake in shares of Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock valued at $50,000 after acquiring an additional 745 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new stake in shares of Endava in the fourth quarter worth $100,000. Institutional investors own 62.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DAVA shares. Susquehanna dropped their price objective on Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a research note 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 note on Friday, February 21st. Finally, Morgan Stanley lifted their price objective on shares of Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.10.

Endava Stock Down 2.8 %

NYSE DAVA traded down $0.52 on Friday, reaching $18.37. The company had a trading volume of 354,324 shares, compared to its average volume of 482,585. Endava plc has a 52-week low of $16.60 and a 52-week high of $34.94. 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 stock has a market capitalization of $1.08 billion, a P/E ratio of 167.00, a P/E/G ratio of 2.26 and a beta of 1.33. The company's fifty day moving average is $21.11 and its 200 day moving average is $26.47.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.18). Endava had a return on equity of 0.89% and a net margin of 0.74%. The firm had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. Sell-side analysts anticipate that Endava plc will post 0.57 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.