Callan Family Office LLC Makes New Investment in Endava plc (NYSE:DAVA)

Callan Family Office LLC bought a new position in Endava plc (NYSE:DAVA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,577 shares of the company’s stock, valued at approximately $481,000.

A number of other large investors have also bought and sold shares of DAVA. US Bancorp DE increased its position in Endava by 15.3% in the third quarter. US Bancorp DE now owns 18,058 shares of the company’s stock worth $461,000 after buying an additional 2,398 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its holdings in Endava by 8.7% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock valued at $6,279,000 after acquiring an additional 19,669 shares during the period. GSA Capital Partners LLP raised its holdings in Endava by 53.2% during the 3rd quarter. GSA Capital Partners LLP now owns 37,873 shares of the company’s stock valued at $967,000 after acquiring an additional 13,158 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Endava by 44.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 37,423 shares of the company’s stock valued at $956,000 after acquiring an additional 11,482 shares during the period. Finally, Natixis Advisors LLC raised its holdings in Endava by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 31,317 shares of the company’s stock valued at $800,000 after acquiring an additional 1,743 shares during the period. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Stock Performance

Shares of DAVA opened at $23.07 on Monday. The company has a market cap of $1.36 billion, a PE ratio of 209.68, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42. 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 50-day moving average price of $30.33 and a 200-day moving average price of $28.90. Endava plc has a 12-month low of $22.30 and a 12-month high of $40.65.

Endava (NYSE:DAVA) last issued 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). Endava had a net margin of 0.74% and a return on equity of 0.89%. The business had revenue of $250.63 million for the quarter, compared to the consensus estimate of $197.33 million. As a group, equities analysts forecast that Endava plc will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DAVA has been the topic of a number of analyst reports. Needham & Company LLC lowered their target price on shares of Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Susquehanna lowered their target price 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. TD Cowen boosted their target price on shares of Endava from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Bank of America assumed coverage on shares of Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Endava presently has an average rating of “Moderate Buy” and a consensus target price of $39.10.

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.