Paradice Investment Management LLC Raises Stake in Endava plc (NYSE:DAVA)

Paradice Investment Management LLC lifted its holdings in shares of Endava plc (NYSE:DAVA - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 931,024 shares of the company's stock after purchasing an additional 181,868 shares during the period. Endava accounts for about 5.7% of Paradice Investment Management LLC's portfolio, making the stock its 6th biggest position. Paradice Investment Management LLC owned 1.58% of Endava worth $28,769,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. bought a new stake in shares of Endava during the 3rd quarter valued at about $30,000. Signaturefd LLC boosted its position in shares of Endava by 84.1% during the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company's stock valued at $50,000 after purchasing an additional 886 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock valued at $50,000 after purchasing an additional 745 shares in the last quarter. Precision Wealth Strategies LLC boosted its position in shares of Endava by 6.7% during the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company's stock valued at $219,000 after purchasing an additional 540 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT bought a new stake in shares of Endava during the 4th quarter valued at about $222,000. Institutional investors own 62.23% of the company's stock.

Endava Stock Performance

Shares of DAVA traded down $2.24 on Friday, reaching $26.06. 1,032,625 shares of the company's stock traded hands, compared to its average volume of 377,374. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.54 billion, a PE ratio of 186.14, a PEG ratio of 2.44 and a beta of 1.22. The stock's 50 day simple moving average is $31.65 and its two-hundred day simple moving average is $29.27. Endava plc has a 52-week low of $23.28 and a 52-week high of $68.58.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.18). The business had revenue of $250.63 million for the quarter, compared to analysts' expectations of $197.33 million. Endava had a net margin of 0.92% and a return on equity of 1.10%. On average, analysts forecast that Endava plc will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DAVA shares. Citigroup cut their target price on Endava from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, October 28th. Bank of America started coverage on Endava in a research note on Friday, November 22nd. They issued a "neutral" rating and a $29.00 price objective for the company. Needham & Company LLC lowered their price objective on Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research note on Friday. Guggenheim lowered their price objective on Endava from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Finally, Morgan Stanley increased their price objective on Endava from $33.00 to $35.00 and gave the stock 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 given a buy rating to the company. According to data from MarketBeat.com, Endava has a consensus rating of "Moderate Buy" and an average price target 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.