Endava (DAVA)

• Market cap: $1.83B
• 1 day: 1.82%
• 5 days: 2.32%
• 1 month: 6.42%
• 3 months: 16.37%
• 6 months: 8.97%
• Year to date: -59.48%
• 1 year: -60.79%
• 5 years: -36.13%
• 10 years: 22.42%

About: Endava is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2006 in the U.K. and it continues to generate the majority of revenue in the U.K. and Europe. Endava's client base is concentrated in the payments and financial services, technology, media, and telecom industries.

Employees: 11,821

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

25% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]

23% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 52

0.17% less ownership

Funds ownership: 82.09% [Q2] → 81.92% (-0.17%) [Q3]

13% less capital invested

Capital invested by funds: $980M [Q2] → $854M (-$125M) [Q3]

14% less funds holding

Funds holding: 182 [Q2] → 156 (-26) [Q3]

16% less call options, than puts

Call options by funds: $4.05M | Put options by funds: $4.84M

62% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 42

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $27 12% downside
• Avg. target: $34 9% upside
• High target: $40 30% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

B of A Securities Tyler DuPont 100% 1-year accuracy 1 / 1 met price target	6% downside $29	Neutral Initiated	22 Nov 2024
Needham Mayank Tandon 67% 1-year accuracy 77 / 115 met price target	17% upside $36	Buy Maintained	14 Nov 2024
TD Cowen Bryan Bergin 93% 1-year accuracy 26 / 28 met price target	17% upside $36	Buy Maintained	13 Nov 2024
Guggenheim Jonathan Lee 50% 1-year accuracy 5 / 10 met price target	30% upside $40	Buy Maintained	6 Nov 2024
Citigroup Ashwin Shirvaikar 72% 1-year accuracy 26 / 36 met price target	12% downside $27	Neutral Maintained	28 Oct 2024