Ruffer LLP Invests $782,000 in Endava plc (NYSE:DAVA)

Ruffer LLP bought a new stake in Endava plc (NYSE:DAVA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 25,317 shares of the company’s stock, valued at approximately $782,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAVA. Mawer Investment Management Ltd. raised its position 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 acquiring an additional 1,030,403 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Endava in the 4th quarter worth approximately $14,698,000. SG Americas Securities LLC grew its stake in shares of Endava by 1,299.1% in the 4th quarter. SG Americas Securities LLC now owns 430,366 shares of the company’s stock worth $13,298,000 after buying an additional 399,605 shares during the last quarter. Fourth Sail Capital LP grew its stake in shares of Endava by 36.2% in the 3rd quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock worth $23,782,000 after buying an additional 247,418 shares during the last quarter. Finally, Paradice Investment Management LLC grew its stake in shares of Endava by 24.3% in the 4th quarter. Paradice Investment Management LLC now owns 931,024 shares of the company’s stock worth $28,769,000 after buying an additional 181,868 shares during the last quarter. Institutional investors own 62.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on DAVA shares. Bank of America started coverage on Endava in a research note on Friday, November 22nd. They set a “neutral” rating and a $29.00 target price on the stock. TD Cowen increased their target price on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Needham & Company LLC cut their target price on Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Morgan Stanley increased their target price on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Susquehanna cut their target price on Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a research note 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.10.

Endava Price Performance

NYSE DAVA opened at $23.07 on Friday. The firm’s fifty day simple moving average is $30.33 and its two-hundred day simple moving average is $28.91. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava plc has a 12-month low of $22.30 and a 12-month high of $40.65. The firm has a market capitalization of $1.36 billion, a P/E ratio of 209.68, a P/E/G ratio of 2.26 and a beta of 1.42.

Endava (NYSE:DAVA) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $250.63 million during the quarter, compared to analysts’ expectations of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. Analysts forecast that Endava plc will post 0.57 EPS for the current fiscal year.

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.