HighTower Advisors LLC Takes Position in Endava PLC Sponsored ADR $DAVA

HighTower Advisors LLC acquired a new stake in shares of Endava PLC Sponsored ADR (NYSE:DAVA) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,416 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strengthening Families & Communities LLC lifted its position in shares of Endava by 13.0% during the 1st quarter. Strengthening Families & Communities LLC now owns 9,997 shares of the company’s stock valued at $209,000 after acquiring an additional 1,153 shares during the last quarter. Investors Research Corp purchased a new position in shares of Endava in the first quarter worth approximately $217,000. Precision Wealth Strategies LLC increased its position in shares of Endava by 41.0% in the first quarter. Precision Wealth Strategies LLC now owns 12,622 shares of the company’s stock worth $246,000 after acquiring an additional 3,668 shares in the last quarter. Portside Wealth Group LLC increased its position in shares of Endava by 5.7% in the first quarter. Portside Wealth Group LLC now owns 13,145 shares of the company’s stock worth $256,000 after acquiring an additional 711 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Endava by 1,029.1% in the first quarter. GAMMA Investing LLC now owns 18,144 shares of the company’s stock worth $354,000 after acquiring an additional 16,537 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Needham & Company LLC lifted their target price on shares of Endava from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. TD Cowen downgraded shares of Endava from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research report on Thursday, May 15th. Cowen downgraded shares of Endava from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Wall Street Zen cut shares of Endava from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Endava from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.56.

Endava Trading Down 30.8%

Shares of Endava stock opened at $9.96 on Friday. The stock has a market capitalization of $587.64 million, a P/E ratio of 26.20 and a beta of 1.13. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $13.74 and a 200 day simple moving average of $17.10. Endava PLC Sponsored ADR has a 12-month low of $9.84 and a 12-month high of $34.94.

Endava (NYSE:DAVA) last announced its earnings results on Thursday, September 4th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.10). The firm had revenue of $186.80 million for the quarter, compared to analyst estimates of $186.48 million. Endava had a return on equity of 3.59% and a net margin of 2.33%. Endava has set its FY 2026 guidance at 1.110-1.270 EPS. Q1 2026 guidance at 0.230-0.26 EPS. Research analysts expect that Endava PLC Sponsored ADR will post 0.57 earnings per share for the current fiscal year.

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.