272 Capital LP Boosts Stock Holdings in Endava plc (NYSE:DAVA)

272 Capital LP grew its position in shares of Endava plc (NYSE:DAVA) by 156.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,146 shares of the company’s stock after purchasing an additional 88,518 shares during the quarter. Endava makes up about 1.9% of 272 Capital LP’s portfolio, making the stock its 21st biggest holding. 272 Capital LP owned 0.25% of Endava worth $3,707,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC increased its holdings in 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 in the last quarter. SG Americas Securities LLC increased its holdings in Endava by 56.2% in the 2nd quarter. SG Americas Securities LLC now owns 34,152 shares of the company’s stock worth $999,000 after acquiring an additional 12,285 shares in the last quarter. Portside Wealth Group LLC increased its holdings in Endava by 7.7% in the 2nd quarter. Portside Wealth Group LLC now owns 15,268 shares of the company’s stock worth $446,000 after acquiring an additional 1,090 shares in the last quarter. Institute for Wealth Management LLC. increased its holdings in Endava by 22.4% in the 2nd quarter. Institute for Wealth Management LLC. now owns 10,763 shares of the company’s stock worth $315,000 after acquiring an additional 1,972 shares in the last quarter. Finally, Natixis Advisors LLC purchased a new stake in Endava in the 2nd quarter worth $865,000. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Trading Up 3.2 %

Shares of DAVA stock opened at $31.48 on Friday. The company’s 50-day moving average price is $26.76 and its 200-day moving average price is $28.26. 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 $1.86 billion, a price-to-earnings ratio of 217.93, a PEG ratio of 2.16 and a beta of 1.24. Endava plc has a twelve month low of $23.28 and a twelve month high of $81.06.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on DAVA. JPMorgan Chase & Co. boosted their price target on shares of Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Guggenheim lowered their target price on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Susquehanna lowered their target price on shares of Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. TD Cowen lifted their target price on shares of Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Citigroup lowered their target price on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.83.

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.