Bamco Inc. NY Sells 1,010,038 Shares of Endava plc (NYSE:DAVA)

Bamco Inc. NY cut its stake in Endava plc (NYSE:DAVA) by 54.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 851,596 shares of the company’s stock after selling 1,010,038 shares during the period. Bamco Inc. NY owned about 1.47% of Endava worth $21,750,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DAVA. Wasatch Advisors LP grew its position in Endava by 6.7% in the third quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company’s stock valued at $40,319,000 after acquiring an additional 98,875 shares during the period. Mawer Investment Management Ltd. grew its holdings in shares of Endava by 613.0% in 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 during the last quarter. FMR LLC increased its position in shares of Endava by 1.4% during the 3rd quarter. FMR LLC now owns 952,515 shares of the company’s stock worth $24,327,000 after purchasing an additional 13,106 shares in the last quarter. Fourth Sail Capital LP lifted its holdings in 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 purchasing an additional 247,418 shares during the last quarter. Finally, Paradice Investment Management LLC acquired a new position in Endava in the second quarter valued at about $18,695,000. Institutional investors own 62.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. TD Cowen raised their price objective on shares of Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Susquehanna dropped their price target on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th. Bank of America assumed coverage on Endava in a research note on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective on the stock. Citigroup lowered their target price on Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Endava has a consensus rating of “Moderate Buy” and a consensus price target of $39.83.

Endava Stock Down 0.2 %

Shares of NYSE DAVA opened at $28.25 on Tuesday. Endava plc has a 1 year low of $23.28 and a 1 year high of $81.06. The firm’s 50-day moving average is $26.15 and its 200-day moving average is $28.24. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $1.63 billion, a PE ratio of 201.79, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21.

Endava (NYSE:DAVA) last announced its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) earnings per share (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 the consensus estimate of $248.65 million. Endava had a net margin of 0.92% and a return on equity of 1.10%. Equities analysts expect that Endava plc will post 0.65 EPS for the current 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.