Envestnet Asset Management Inc. Sells 19,062 Shares of Endava plc (NYSE:DAVA)

Envestnet Asset Management Inc. cut its stake in Endava plc (NYSE:DAVA - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,249 shares of the company's stock after selling 19,062 shares during the period. Envestnet Asset Management Inc. owned approximately 0.21% of Endava worth $3,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CDAM UK Ltd boosted its stake in shares of Endava by 7.8% during the 4th quarter. CDAM UK Ltd now owns 2,348,674 shares of the company's stock worth $72,574,000 after buying an additional 169,147 shares during the last quarter. Arizona PSPRS Trust acquired a new position in shares of Endava during the 4th quarter worth about $470,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Endava by 80.0% during the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 30,835 shares of the company's stock worth $953,000 after buying an additional 13,704 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Endava by 187.5% during the 4th quarter. JPMorgan Chase & Co. now owns 858,894 shares of the company's stock worth $26,540,000 after buying an additional 560,190 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Endava by 9.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 307,158 shares of the company's stock worth $9,491,000 after buying an additional 26,964 shares during the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Endava Price Performance

Shares of NYSE:DAVA traded down $0.02 during trading on Tuesday, reaching $18.43. 467,088 shares of the company traded hands, compared to its average volume of 484,829. The company's 50 day moving average is $20.38 and its two-hundred day moving average is $26.37. The firm has a market capitalization of $1.09 billion, a PE ratio of 167.50, a PEG ratio of 2.26 and a beta of 1.33. 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 52 week low of $16.60 and a 52 week high of $34.94.

Endava (NYSE:DAVA - Get Free Report) last released its 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 company had revenue of $250.63 million for the quarter, compared to the consensus estimate of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. As a group, sell-side analysts predict that Endava plc will post 0.57 earnings per share 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.