Endava plc (NYSE:DAVA) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its stake in shares of Endava plc (NYSE:DAVA) by 21.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,600 shares of the company’s stock after selling 3,200 shares during the period. Handelsbanken Fonder AB’s holdings in Endava were worth $358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Mawer Investment Management Ltd. increased its position in Endava by 613.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock worth $30,610,000 after purchasing an additional 1,030,403 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its stake in Endava by 8.7% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock worth $6,279,000 after buying an additional 19,669 shares during the period. State Street Corp increased its position in shares of Endava by 33.0% in the third quarter. State Street Corp now owns 80,148 shares of the company’s stock worth $2,047,000 after acquiring an additional 19,884 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Endava by 13.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company’s stock valued at $6,313,000 after acquiring an additional 25,000 shares during the period. Finally, Fourth Sail Capital LP lifted its holdings in shares of Endava by 36.2% during the 3rd quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock valued at $23,782,000 after acquiring an additional 247,418 shares in the last quarter. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DAVA shares. Susquehanna lowered their target price on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research note on Friday, February 21st. TD Cowen increased their target price on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Needham & Company LLC cut their target price on shares of Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Morgan Stanley boosted 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, Bank of America assumed coverage on Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.10.

Endava Trading Down 0.8 %

Shares of NYSE:DAVA opened at $23.72 on Tuesday. Endava plc has a twelve month low of $23.28 and a twelve month high of $40.65. The firm has a market cap of $1.40 billion, a P/E ratio of 215.64, a P/E/G ratio of 2.26 and a beta of 1.22. The company has a 50 day moving average of $31.08 and a 200-day moving average of $29.13. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The business had revenue of $250.63 million during the quarter, compared to analyst estimates of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. As a group, analysts anticipate 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.