Skandinaviska Enskilda Banken AB publ Buys 64,300 Shares of Endava plc (NYSE:DAVA)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Endava plc (NYSE:DAVA) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 461,800 shares of the company’s stock after purchasing an additional 64,300 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.78% of Endava worth $14,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. lifted its stake in shares of Endava by 613.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock worth $30,610,000 after purchasing an additional 1,030,403 shares during the period. Raymond James Financial Inc. bought a new position in Endava in the fourth quarter worth approximately $14,698,000. SG Americas Securities LLC raised its position in Endava by 1,299.1% in the fourth quarter. SG Americas Securities LLC now owns 430,366 shares of the company’s stock worth $13,298,000 after acquiring an additional 399,605 shares during the period. Fourth Sail Capital LP raised its position in Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock worth $23,782,000 after acquiring an additional 247,418 shares during the period. Finally, Paradice Investment Management LLC raised its position in Endava by 24.3% in the fourth quarter. Paradice Investment Management LLC now owns 931,024 shares of the company’s stock worth $28,769,000 after acquiring an additional 181,868 shares during the period. Institutional investors own 62.23% of the company’s stock.

Endava Trading Up 1.1 %

Endava stock opened at $20.92 on Friday. The stock has a market cap of $1.23 billion, a P/E ratio of 190.18, a PEG ratio of 2.26 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. Endava plc has a 1 year low of $20.50 and a 1 year high of $40.65. The firm’s 50 day moving average price is $29.36 and its 200-day moving average price is $28.59.

Endava (NYSE:DAVA) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The company 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%. On average, equities analysts predict that Endava plc will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Needham & Company LLC decreased their target price on Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Bank of America initiated coverage on Endava in a research note on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective on the stock. Morgan Stanley raised 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. Finally, Susquehanna lowered their price target on shares of Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Endava presently has an average rating of “Moderate Buy” and an average target price of $39.10.

Endava 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.