Wasatch Advisors LP Cuts Stock Position in Endava plc (NYSE:DAVA)

Wasatch Advisors LP lowered its holdings in shares of Endava plc (NYSE:DAVA) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,459,283 shares of the company’s stock after selling 119,363 shares during the quarter. Wasatch Advisors LP owned approximately 2.47% of Endava worth $45,092,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in shares of Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after acquiring an additional 475 shares during the last quarter. Blue Trust Inc. boosted its stake in Endava by 28.5% during the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after buying an additional 331 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock valued at $46,000 after buying an additional 786 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after acquiring an additional 745 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Endava by 60.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company’s stock valued at $126,000 after purchasing an additional 1,538 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on DAVA. Susquehanna dropped their price objective on shares of Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research note on Friday, February 21st. Morgan Stanley increased their price target on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Needham & Company LLC cut their price objective on shares of Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.10.

Endava Trading Up 0.3 %

Shares of NYSE DAVA opened at $17.84 on Wednesday. Endava plc has a twelve month low of $16.70 and a twelve month high of $34.94. The firm has a market cap of $1.05 billion, a PE ratio of 162.14, a price-to-earnings-growth ratio of 2.26 and a beta of 1.33. The business has a fifty day simple moving average of $23.40 and a two-hundred day simple moving average of $26.85. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA) last posted its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The business had revenue of $250.63 million for the quarter, compared to analysts’ expectations of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. Analysts expect that Endava plc will post 0.57 earnings per share for the current fiscal year.

About Endava

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.