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

Atria Investments Inc lowered its stake in Endava plc (NYSE:DAVA) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,258 shares of the company’s stock after selling 1,466 shares during the period. Atria Investments Inc’s holdings in Endava were worth $317,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DAVA. Blue Trust Inc. grew its position in Endava by 28.5% in the 4th 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. Precision Wealth Strategies LLC boosted its holdings in shares of Endava by 4.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company’s stock valued at $277,000 after acquiring an additional 383 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock valued at $30,000 after acquiring an additional 475 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after acquiring an additional 745 shares during the period. Finally, Strengthening Families & Communities LLC raised its holdings in Endava by 11.4% during the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock worth $233,000 after purchasing an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Trading Up 6.1 %

Shares of DAVA stock opened at $22.20 on Tuesday. The stock has a market cap of $1.31 billion, a P/E ratio of 201.81, a P/E/G ratio of 2.26 and a beta of 1.42. 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 plc has a fifty-two week low of $20.50 and a fifty-two week high of $40.65. The business has a fifty day simple moving average of $29.16 and a 200-day simple moving average of $28.47.

Endava (NYSE:DAVA) last posted its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate 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%. On average, analysts forecast that Endava plc will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DAVA. Susquehanna lowered their price objective on Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Friday, February 21st. Morgan Stanley lifted their price target on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Bank of America initiated coverage on Endava in a research report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective for the company. Finally, Needham & Company LLC decreased their target price 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Endava currently has a consensus rating of “Moderate Buy” and an average target price of $39.10.

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.