Atria Investments Inc Decreases Holdings in Endava plc (NYSE:DAVA)

Atria Investments Inc lowered its stake in Endava plc (NYSE:DAVA) by 30.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,724 shares of the company’s stock after selling 5,240 shares during the period. Atria Investments Inc’s holdings in Endava were worth $299,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. bought a new stake in shares of Endava in the 3rd quarter worth about $30,000. Signaturefd LLC grew its stake in shares of Endava by 84.1% during the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after buying an additional 886 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Endava in the second quarter worth approximately $216,000. Cetera Advisors LLC raised its holdings in shares of Endava by 35.4% in the first quarter. Cetera Advisors LLC now owns 8,065 shares of the company’s stock worth $307,000 after buying an additional 2,110 shares during the period. Finally, Precision Wealth Strategies LLC raised its holdings in shares of Endava by 6.7% in the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after buying an additional 540 shares during the period. 62.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

DAVA has been the topic of several research analyst reports. Needham & Company LLC upped their price objective on Endava from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Guggenheim cut their price target on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. TD Cowen lifted their price objective on shares of Endava from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Susquehanna dropped their target price on shares of Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. Finally, Citigroup decreased their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.83.

Endava Price Performance

Shares of DAVA stock opened at $28.70 on Friday. The stock’s 50-day moving average is $26.25 and its 200 day moving average is $28.42. Endava plc has a 1-year low of $23.28 and a 1-year high of $81.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $1.66 billion, a P/E ratio of 202.79 and a beta of 1.21.

Endava (NYSE:DAVA) last released its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The business had revenue of $245.30 million during the quarter, compared to analysts’ expectations of $248.65 million. Endava had a net margin of 0.92% and a return on equity of 1.10%. Research analysts predict that Endava plc will post 0.77 earnings per share for the current fiscal year.

Endava Company Profile

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.