Bamco Inc. NY Lowers Stock Holdings in Endava PLC Sponsored ADR $DAVA

Key Points

• Bamco Inc. NY cut its stake in Endava by 81.7% in Q3, selling 530,183 shares and leaving it with 118,800 shares (about 0.21% of the company) valued at $1.081 million.
• Endava shares recently opened near $4.67 (down about 4%), trade in a one‑year range of $4.38–$22.94, have a market cap of roughly $262.4 million and a negative P/E (-42.44).
• Analysts are mixed: the consensus rating is Hold with an average price target of $15.71, although several firms have recently lowered their targets and opinions range from Buy to Sell.

Bamco Inc. NY reduced its holdings in Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) by 81.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,800 shares of the company's stock after selling 530,183 shares during the quarter. Bamco Inc. NY owned approximately 0.21% of Endava worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DAVA. EverSource Wealth Advisors LLC boosted its stake in Endava by 733.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company's stock worth $29,000 after buying an additional 1,680 shares during the last quarter. Vident Advisory LLC acquired a new position in shares of Endava during the 2nd quarter valued at about $160,000. Jane Street Group LLC lifted its holdings in shares of Endava by 16.1% during the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company's stock worth $208,000 after acquiring an additional 1,482 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Endava in the third quarter worth approximately $99,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Endava in the second quarter worth approximately $198,000. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Endava Stock Down 4.0%

Shares of NYSE:DAVA opened at $4.67 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.39 and a current ratio of 2.39. Endava PLC Sponsored ADR has a 1 year low of $4.38 and a 1 year high of $22.94. The stock has a market capitalization of $262.39 million, a P/E ratio of -42.44 and a beta of 1.28. The stock has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $7.37.

Wall Street Analysts Forecast Growth

DAVA has been the subject of several research analyst reports. Guggenheim dropped their price target on shares of Endava from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, February 13th. JPMorgan Chase & Co. decreased their price target on shares of Endava from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, February 20th. Needham & Company LLC lowered their price objective on shares of Endava from $9.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, February 19th. Finally, Wall Street Zen upgraded Endava from a "sell" rating to a "hold" rating in a report on Sunday, February 8th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Endava has a consensus rating of "Hold" and an average price target of $15.71.

Endava Company Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.

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