Ruffer LLP Invests $782,000 in Endava plc (NYSE:DAVA)

Ruffer LLP acquired a new stake in shares of Endava plc (NYSE:DAVA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 25,317 shares of the company's stock, valued at approximately $782,000.

Several other hedge funds also recently modified their holdings of the company. Mawer Investment Management Ltd. lifted its holdings in Endava by 613.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company's stock worth $30,610,000 after buying an additional 1,030,403 shares during the period. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Endava by 8.7% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company's stock worth $6,279,000 after buying an additional 19,669 shares during the period. State Street Corp lifted its holdings in Endava by 33.0% during 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 period. Oppenheimer Asset Management Inc. acquired a new position in Endava during the 4th quarter worth about $215,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Endava by 13.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company's stock worth $6,313,000 after buying an additional 25,000 shares during the period. Institutional investors and hedge funds own 62.23% of the company's stock.

Endava Stock Down 3.2 %

Endava stock traded down $0.67 during midday trading on Thursday, reaching $20.66. The stock had a trading volume of 701,756 shares, compared to its average volume of 490,346. Endava plc has a 12 month low of $20.56 and a 12 month high of $40.65. The company has a market capitalization of $1.22 billion, a P/E ratio of 187.80, a PEG ratio of 2.26 and a beta of 1.42. The company has a fifty day moving average price of $29.76 and a two-hundred day moving average price of $28.72. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21.

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Endava (NYSE:DAVA - Get Free Report) last issued its 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 firm had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. As a group, equities analysts expect that Endava plc will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DAVA has been the topic of several recent research reports. Susquehanna cut their target price on Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a report on Friday, February 21st. 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 report on Friday, February 21st. Bank of America began coverage on Endava in a research report on Friday, November 22nd. They issued a "neutral" rating and a $29.00 price objective for the company. TD Cowen lifted their price objective on Endava from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley lifted their price objective on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report 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 stock. According to MarketBeat.com, 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.