Endava PLC Sponsored ADR $DAVA Shares Purchased by Paradice Investment Management LLC

Paradice Investment Management LLC boosted its stake in Endava PLC Sponsored ADR (NYSE:DAVA) by 61.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,029,847 shares of the company’s stock after buying an additional 1,157,921 shares during the period. Endava makes up approximately 3.7% of Paradice Investment Management LLC’s portfolio, making the stock its 15th biggest position. Paradice Investment Management LLC owned about 0.05% of Endava worth $19,149,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in Endava by 733.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after buying an additional 1,680 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Endava in the 3rd quarter valued at approximately $28,000. Perennial Advisors LLC acquired a new position in shares of Endava in the 4th quarter worth approximately $63,000. Vident Advisory LLC purchased a new position in shares of Endava during the 2nd quarter worth approximately $160,000. Finally, Jane Street Group LLC boosted its position in shares of Endava by 16.1% during the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock worth $208,000 after purchasing an additional 1,482 shares during the period. Institutional investors and hedge funds own 62.23% of the company’s stock.

Analyst Upgrades and Downgrades

DAVA has been the topic of a number of research analyst reports. Wall Street Zen raised Endava from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Needham & Company LLC lowered their price target on Endava from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. TD Cowen dropped their price objective on Endava from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Monday, April 6th. JPMorgan Chase & Co. cut their price objective on Endava from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. Finally, Guggenheim decreased their target price on Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.14.

Endava Trading Down 8.1%

Shares of DAVA stock opened at $4.28 on Friday. Endava PLC Sponsored ADR has a fifty-two week low of $4.11 and a fifty-two week high of $21.81. The company has a 50 day moving average price of $4.73 and a 200 day moving average price of $6.30. The stock has a market capitalization of $240.75 million, a P/E ratio of -38.94 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.39 and a current ratio of 2.39.

About Endava

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.