Here’s What Makes Endava (DAVA) A Great Investment

Polen Capital, an investment management firm, published its “Polen U.S. Small Company Growth” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of 1.94% was delivered by the fund for the third quarter of 2021, outperforming its Russell 2000 Growth benchmark that delivered a -5.64% return for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Polen U.S. Small Company Growth, in its Q3 2021 investor letter, mentioned Endava plc (NYSE: DAVA) and discussed its stance on the firm. Endava plc is a United Kingdom-based software company with a $9.4 billion market capitalization. DAVA delivered a 98.70% return since the beginning of the year, while its 12-month returns are up by 147.00%. The stock closed at $152.50 per share on November 22, 2021.

Here is what Polen U.S. Small Company Growth has to say about Endava plc  in its Q3 2021 investor letter:

“IT consulting firm Endava continued to see strong demand for its digital services across all regions and verticals, attributed to its deeper engagement with existing clients and increased interest from new and prospective clients. During the quarter, the company reported revenues were up 48% year over year, with double-digit increases in revenues from existing clients and a double-digit increase in the number of active customers.”

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Based on our calculations, Endava plc (NYSE: DAVA) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. DAVA was in 16 hedge fund portfolios at the end of the third quarter of 2021, compared to 16 funds in the previous quarter. Endava plc (NYSE: DAVA) delivered a 9.73% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.