Mirabella Financial Services LLP Makes New $387,000 Investment in Endava plc (NYSE:DAVA)

Mirabella Financial Services LLP acquired a new position in Endava plc (NYSE:DAVA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,540 shares of the company’s stock, valued at approximately $387,000.

Several other institutional investors have also recently modified their holdings of DAVA. Assetmark Inc. raised its stake in shares of Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after acquiring an additional 475 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after purchasing an additional 331 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock valued at $46,000 after purchasing an additional 786 shares during the last quarter. GAMMA Investing LLC raised its position in Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after purchasing an additional 745 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Endava by 60.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company’s stock worth $126,000 after purchasing an additional 1,538 shares during the last quarter. 62.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Endava Trading Down 1.8 %

DAVA opened at $17.09 on Monday. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 155.36, a PEG ratio of 2.26 and a beta of 1.33. Endava plc has a one year low of $16.70 and a one year high of $34.94. The business has a 50 day simple moving average of $22.42 and a two-hundred day simple moving average of $26.69. 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 (NYSE:DAVA) last announced 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 business had revenue of $250.63 million for 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%. Analysts predict that Endava plc will post 0.57 EPS for the current year.

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.