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 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 461,800 shares of the company’s stock after acquiring an additional 64,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Endava were worth $14,325,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. GSA Capital Partners LLP grew 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 purchasing an additional 13,158 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Endava by 44.3% during the third quarter. Oppenheimer & Co. Inc. now owns 37,423 shares of the company’s stock valued at $956,000 after buying an additional 11,482 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Endava by 5.9% during the third quarter. Natixis Advisors LLC now owns 31,317 shares of the company’s stock valued at $800,000 after buying an additional 1,743 shares during the last quarter. Fourth Sail Capital LP grew its stake in shares of Endava by 36.2% during the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock valued at $23,782,000 after buying an additional 247,418 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its stake in shares of Endava by 11.4% during the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock valued at $233,000 after buying an additional 933 shares during the last quarter. Institutional investors own 62.23% of the company’s stock.

Endava Stock Up 1.1 %

NYSE:DAVA opened at $20.92 on Friday. Endava plc has a fifty-two week low of $20.50 and a fifty-two week high of $40.65. The stock has a market capitalization of $1.23 billion, a P/E ratio of 190.18, a P/E/G ratio of 2.26 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The company’s 50-day simple moving average is $29.36 and its 200-day simple moving average is $28.59.

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). Endava had a return on equity of 0.89% and a net margin of 0.74%. The firm had revenue of $250.63 million during the quarter, compared to analysts’ expectations of $197.33 million. On average, equities analysts anticipate that Endava plc will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DAVA shares. Bank of America began coverage on Endava in a research report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective on the stock. Morgan Stanley increased 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. Susquehanna dropped their price target on Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Friday, February 21st. Finally, Needham & Company LLC dropped 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. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.