Sanctuary Advisors LLC Buys Shares of 8,822 Endava plc (NYSE:DAVA)

Sanctuary Advisors LLC bought a new stake in shares of Endava plc (NYSE:DAVA) in the second quarter, Holdings Channel.com reports. The fund bought 8,822 shares of the company’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of Endava by 5.6% during the 1st quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock worth $353,000 after buying an additional 495 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Endava by 18.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock worth $414,000 after buying an additional 833 shares in the last quarter. Portside Wealth Group LLC boosted its holdings in shares of Endava by 7.7% during the 2nd quarter. Portside Wealth Group LLC now owns 15,268 shares of the company’s stock worth $446,000 after buying an additional 1,090 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Endava during the 1st quarter worth approximately $49,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Endava by 24.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,339 shares of the company’s stock worth $317,000 after buying an additional 1,622 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Susquehanna cut their target price on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a report on Friday, September 20th. Needham & Company LLC cut their target price on Endava from $42.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Finally, Guggenheim cut their target price on Endava from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.31.

Endava Price Performance

Shares of NYSE:DAVA opened at $26.71 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $28.53 and its two-hundred day simple moving average is $29.27. Endava plc has a 1-year low of $23.28 and a 1-year high of $81.06. The stock has a market cap of $1.54 billion, a PE ratio of 29.68 and a beta of 1.21.

Endava (NYSE:DAVA) last issued its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.13). Endava had a net margin of 2.30% and a return on equity of 2.76%. The company had revenue of $245.30 million for the quarter, compared to the consensus estimate of $248.65 million. As a group, analysts forecast that Endava plc will post 0.77 EPS for the current fiscal year.

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.