Cavalier Investments LLC Makes New Investment in Endava PLC – (NYSE:DAVA)

Cavalier Investments LLC acquired a new position in shares of Endava PLC – (NYSE:DAVA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,100 shares of the company’s stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAVA. New York State Common Retirement Fund boosted its position in Endava by 42.8% during the 4th quarter. New York State Common Retirement Fund now owns 7,016 shares of the company’s stock valued at $327,000 after acquiring an additional 2,104 shares in the last quarter. Northern Trust Corp boosted its position in shares of Endava by 46.6% in the 2nd quarter. Northern Trust Corp now owns 7,383 shares of the company’s stock worth $297,000 after purchasing an additional 2,348 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Endava during the 3rd quarter worth about $97,000. First Trust Advisors LP lifted its position in Endava by 40.4% during the 4th quarter. First Trust Advisors LP now owns 13,922 shares of the company’s stock worth $649,000 after acquiring an additional 4,004 shares during the period. Finally, Squarepoint Ops LLC lifted its position in Endava by 15.7% during the 3rd quarter. Squarepoint Ops LLC now owns 45,800 shares of the company’s stock worth $1,734,000 after acquiring an additional 6,200 shares during the period. Institutional investors own 27.78% of the company’s stock.

A number of analysts have commented on the company. Needham & Company LLC lifted their price target on Endava from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research lowered Endava from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Citigroup lifted their price objective on Endava from $45.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Cantor Fitzgerald lifted their price objective on Endava from $39.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Susquehanna Bancshares started coverage on Endava in a research note on Tuesday, October 22nd. They issued a “positive” rating and a $48.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Endava has a consensus rating of “Hold” and a consensus price target of $46.91.

Shares of Endava stock opened at $54.98 on Friday. The stock has a market cap of $2.56 billion, a P/E ratio of 66.24, a P/E/G ratio of 2.67 and a beta of 0.77. The stock’s 50 day simple moving average is $46.98 and its 200-day simple moving average is $42.23. Endava PLC – has a 1-year low of $23.51 and a 1-year high of $55.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.43 and a quick ratio of 2.43.

Endava (NYSE:DAVA) last issued its earnings results on Thursday, February 13th. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.10. Endava had a return on equity of 28.69% and a net margin of 11.93%. The business had revenue of $85.90 million for the quarter, compared to analysts’ expectations of $83.00 million. During the same period in the previous year, the firm posted $0.20 EPS. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, research analysts expect that Endava PLC – will post 0.91 EPS for the current fiscal year.

About Endava

Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.

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Institutional Ownership by Quarter for Endava (NYSE:DAVA)

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