CDAM UK Ltd Increases Position in Endava PLC Sponsored ADR $DAVA

CDAM UK Ltd raised its position in Endava PLC Sponsored ADR (NYSE:DAVA) by 28.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,979,658 shares of the company’s stock after purchasing an additional 655,078 shares during the quarter. Endava accounts for approximately 3.4% of CDAM UK Ltd’s portfolio, making the stock its 11th largest position. CDAM UK Ltd owned about 5.30% of Endava worth $18,831,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paradice Investment Management LLC raised its position in Endava by 61.9% in the fourth quarter. Paradice Investment Management LLC now owns 3,029,847 shares of the company’s stock valued at $19,149,000 after purchasing an additional 1,157,921 shares during the period. Prescott Group Capital Management L.L.C. raised its position in Endava by 100.3% in the third quarter. Prescott Group Capital Management L.L.C. now owns 1,216,354 shares of the company’s stock valued at $11,069,000 after purchasing an additional 609,215 shares during the period. Quadrant Capital Group LLC raised its position in Endava by 901.8% in the fourth quarter. Quadrant Capital Group LLC now owns 6,101 shares of the company’s stock valued at $39,000 after purchasing an additional 5,492 shares during the period. EverSource Wealth Advisors LLC raised its position in Endava by 733.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after purchasing an additional 1,680 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Endava in the third quarter worth $28,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Stock Performance

NYSE:DAVA opened at $2.91 on Friday. The company has a fifty day simple moving average of $3.87 and a two-hundred day simple moving average of $5.15. The company has a market cap of $163.29 million, a price-to-earnings ratio of -0.28 and a beta of 1.05. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.13. Endava PLC Sponsored ADR has a 52 week low of $2.67 and a 52 week high of $16.10.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.20). The business had revenue of $236.44 million during the quarter, compared to analyst estimates of $242.79 million. Endava had a positive return on equity of 2.58% and a negative net margin of 57.01%.Endava has set its Q4 2026 guidance at 0.120-0.180 EPS and its FY 2026 guidance at 0.610-0.660 EPS. As a group, equities analysts anticipate that Endava PLC Sponsored ADR will post 0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on DAVA. Guggenheim downgraded shares of Endava from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th. Morgan Stanley dropped their price target on shares of Endava from $8.00 to $4.00 and set an “equal weight” rating for the company in a research note on Friday, May 22nd. Weiss Ratings downgraded shares of Endava from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday. TD Cowen restated a “buy” rating on shares of Endava in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. downgraded shares of Endava from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $9.00 to $5.00 in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Endava presently has an average rating of “Reduce” and a consensus price target of $7.43.

Endava Company Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.