Callan Family Office LLC Purchases Shares of 15,577 Endava plc (NYSE:DAVA)

Callan Family Office LLC purchased a new position in Endava plc (NYSE:DAVA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,577 shares of the company's stock, valued at approximately $481,000.

Several other institutional investors have also bought and sold shares of DAVA. Mawer Investment Management Ltd. boosted its position in Endava by 613.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company's stock worth $30,610,000 after purchasing an additional 1,030,403 shares during the period. Raymond James Financial Inc. bought a new position in Endava in the 4th quarter worth approximately $14,698,000. SG Americas Securities LLC grew its stake in Endava by 1,299.1% in the 4th quarter. SG Americas Securities LLC now owns 430,366 shares of the company's stock valued at $13,298,000 after buying an additional 399,605 shares in the last quarter. Fourth Sail Capital LP grew its stake in Endava by 36.2% in the 3rd quarter. Fourth Sail Capital LP now owns 931,151 shares of the company's stock valued at $23,782,000 after buying an additional 247,418 shares in the last quarter. Finally, Paradice Investment Management LLC raised its holdings 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 acquiring an additional 181,868 shares during the period. Hedge funds and other institutional investors own 62.23% of the company's stock.

Endava Price Performance

Shares of DAVA stock traded down $0.67 during trading on Thursday, hitting $20.66. The company had a trading volume of 701,643 shares, compared to its average volume of 490,346. Endava plc has a 52 week low of $20.56 and a 52 week high of $40.65. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 187.80, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42. 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's 50-day moving average is $29.76 and its two-hundred day moving average is $28.72.

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Endava (NYSE:DAVA - Get Free Report) last posted 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. As a group, analysts predict that Endava plc will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DAVA shares. Bank of America initiated coverage on Endava in a report on Friday, November 22nd. They issued a "neutral" rating and a $29.00 price target for the company. Needham & Company LLC reduced their target price on Endava from $43.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 21st. TD Cowen upped their price target on Endava from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Susquehanna cut their price objective 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. Finally, Morgan Stanley boosted 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.10.

Endava 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.