Skandinaviska Enskilda Banken AB publ Decreases Stock Holdings in Endava PLC Sponsored ADR $DAVA

Skandinaviska Enskilda Banken AB publ reduced its stake in shares of Endava PLC Sponsored ADR (NYSE:DAVA) by 48.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 220,800 shares of the company’s stock after selling 208,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Endava were worth $2,009,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of 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 last quarter. Vident Advisory LLC acquired a new stake in shares of Endava in the 2nd quarter worth $160,000. Benjamin Edwards Inc. purchased a new position in shares of Endava during the 2nd quarter worth $198,000. Geode Capital Management LLC acquired a new position in shares of Endava during the 2nd quarter valued at about $205,000. Finally, Jane Street Group LLC grew its holdings in shares of Endava by 16.1% in the first quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock valued at $208,000 after purchasing an additional 1,482 shares during the period. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Endava Price Performance

Endava stock opened at $4.95 on Friday. The company’s 50 day simple moving average is $6.26 and its 200-day simple moving average is $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. Endava PLC Sponsored ADR has a 1 year low of $4.84 and a 1 year high of $29.03. The company has a market capitalization of $277.96 million, a price-to-earnings ratio of -44.95 and a beta of 1.26.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Endava from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. William Blair downgraded shares of Endava from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. reduced their price target on shares of Endava from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday. Morgan Stanley lowered their price objective on Endava from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Finally, Needham & Company LLC cut their target price on Endava from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.71.

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.