Mirabella Financial Services LLP Acquires Shares of 12,540 Endava plc (NYSE:DAVA)

Mirabella Financial Services LLP bought a new position in Endava plc (NYSE:DAVA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,540 shares of the company’s stock, valued at approximately $387,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Assetmark Inc. boosted its position in Endava by 93.1% in 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. raised its stake in shares of 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 purchasing an additional 331 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after buying an additional 786 shares during the last quarter. GAMMA Investing LLC grew its position in 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 buying an additional 745 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Endava by 60.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company’s stock valued at $126,000 after acquiring an additional 1,538 shares during the period. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Susquehanna lowered 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. Morgan Stanley boosted their price target on shares of Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC cut their price objective on shares of Endava from $43.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Endava has an average rating of “Moderate Buy” and a consensus target price of $39.10.

Endava Price Performance

Shares of NYSE:DAVA opened at $17.09 on Monday. The company has a 50 day moving average of $22.42 and a 200 day moving average of $26.69. 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 $1.01 billion, a P/E ratio of 155.36, a P/E/G ratio of 2.26 and a beta of 1.33. Endava plc has a 12 month low of $16.70 and a 12 month high of $34.94.

Endava (NYSE:DAVA) last released 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 firm had revenue of $250.63 million for the quarter, compared to analysts’ expectations of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. As a group, sell-side analysts forecast that Endava plc will post 0.57 EPS for the current fiscal year.

Endava Company 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.