Virtu Financial LLC Makes New $596,000 Investment in Endava plc (NYSE:DAVA)

Virtu Financial LLC bought a new position in Endava plc (NYSE:DAVA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,681 shares of the company’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fourth Sail Capital LP bought a new position in shares of Endava in the first quarter worth about $27,622,000. Capital World Investors raised its stake in shares of Endava by 39.3% in the fourth quarter. Capital World Investors now owns 987,200 shares of the company’s stock worth $76,854,000 after buying an additional 278,300 shares during the period. Norden Group LLC raised its stake in shares of Endava by 2,587.6% in the first quarter. Norden Group LLC now owns 219,254 shares of the company’s stock worth $8,340,000 after buying an additional 211,096 shares during the period. Wells Fargo & Company MN raised its stake in shares of Endava by 356.5% in the fourth quarter. Wells Fargo & Company MN now owns 246,611 shares of the company’s stock worth $19,199,000 after buying an additional 192,593 shares during the period. Finally, Lazard Asset Management LLC raised its stake in shares of Endava by 15,560.6% in the first quarter. Lazard Asset Management LLC now owns 171,170 shares of the company’s stock worth $6,511,000 after buying an additional 170,077 shares during the period. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Stock Performance

Endava stock traded down $1.34 during mid-day trading on Friday, hitting $29.65. The company’s stock had a trading volume of 362,828 shares, compared to its average volume of 560,669. The company has a 50 day moving average of $28.74 and a 200-day moving average of $40.49. The stock has a market cap of $1.71 billion, a PE ratio of 32.89 and a beta of 1.22. Endava plc has a one year low of $24.51 and a one year high of $81.06.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, May 23rd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). Endava had a return on equity of 7.13% and a net margin of 5.69%. The firm had revenue of $221.14 million for the quarter, compared to the consensus estimate of $220.59 million. On average, equities research analysts forecast that Endava plc will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on DAVA shares. Needham & Company LLC decreased their price objective on Endava from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Redburn Atlantic initiated coverage on Endava in a research note on Friday, May 24th. They set a “neutral” rating and a $33.10 target price on the stock. Guggenheim decreased their target price on Endava from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. TD Cowen decreased their target price on Endava from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Finally, Wedbush decreased their target price on Endava from $65.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Endava currently has an average rating of “Moderate Buy” and a consensus target price of $46.41.

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.