Endava PLC Sponsored ADR $DAVA Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its position in Endava PLC Sponsored ADR (NYSE:DAVA) by 48.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,800 shares of the company’s stock after selling 208,000 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.39% of Endava worth $2,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. increased its holdings 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 buying an additional 609,215 shares in the last quarter. Paradice Investment Management LLC grew its position in shares of Endava by 29.2% during the 2nd quarter. Paradice Investment Management LLC now owns 1,565,860 shares of the company’s stock valued at $23,989,000 after acquiring an additional 353,587 shares during the period. Alberta Investment Management Corp increased its stake in shares of Endava by 35.6% in the 2nd quarter. Alberta Investment Management Corp now owns 1,288,334 shares of the company’s stock valued at $19,737,000 after purchasing an additional 338,334 shares in the last quarter. Invesco Ltd. raised its holdings in Endava by 6.4% in the 2nd quarter. Invesco Ltd. now owns 3,661,123 shares of the company’s stock worth $56,088,000 after purchasing an additional 220,465 shares during the period. Finally, Ensign Peak Advisors Inc boosted its position in Endava by 16.0% during the second quarter. Ensign Peak Advisors Inc now owns 1,271,881 shares of the company’s stock worth $19,485,000 after purchasing an additional 175,868 shares in the last quarter. 62.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Endava from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday. Morgan Stanley cut their price target on shares of Endava from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. William Blair cut shares of Endava from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 11th. Guggenheim decreased their price objective on shares of Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Zacks Research raised shares of Endava from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Endava has an average rating of “Hold” and an average price target of $15.71.

Endava Stock Down 1.7%

NYSE DAVA opened at $4.95 on Friday. The business has a fifty day moving average price of $6.26 and a 200 day moving average price of $8.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 2.18. The company has a market cap of $277.96 million, a P/E ratio of -44.95 and a beta of 1.26. Endava PLC Sponsored ADR has a one year low of $4.84 and a one year high of $29.03.

Key Endava News

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Q2 results showed upside: Endava reported EPS of $0.22 (beat consensus) and revenue of $247.6M, with press commentary highlighting the company’s AI pivot as a growth driver. This delivered an upbeat market reaction after the print. Endava shares surge as Q2 earnings beat amid AI pivot
• Positive Sentiment: Management issued materially stronger guidance: Q3 EPS and FY2026 EPS and revenue ranges were revised well above Street estimates, signaling accelerating revenue and a clear push into AI-related services — a catalyst for longer‑term re-rating if execution continues. Press release: Q2 FY2026 results
• Neutral Sentiment: Analyst update from Needham: Needham trimmed its price target from $9 to $7 but kept a Buy rating — a mixed signal (lower target but continued conviction). This tempers enthusiasm but preserves upside in some broker models. Benzinga
• Negative Sentiment: JPMorgan cut its price target (from $10 to $9) and set a Neutral rating, which reduces near‑term institutional enthusiasm and likely contributed to downward pressure on the stock. Tickerreport
• Negative Sentiment: Profitability and technicals remain concerns: Endava’s net margin (≈1.34%) and ROE are modest, and the shares are near their 1‑year low with the 50‑ and 200‑day moving averages well above the current price — factors that can limit multiple expansion despite revenue/guidance beats. MarketBeat DAVA profile

Endava 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.