Bank of America Corp DE Sells 19,147 Shares of Endava plc (NYSE:DAVA)

Bank of America Corp DE decreased its position in shares of Endava plc (NYSE:DAVA - Free Report) by 28.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,274 shares of the company's stock after selling 19,147 shares during the period. Bank of America Corp DE owned approximately 0.08% of Endava worth $1,523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. lifted its position in shares of Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after acquiring an additional 475 shares during the period. Blue Trust Inc. raised its stake in Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after purchasing an additional 331 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after purchasing an additional 786 shares during the period. State of Tennessee Department of Treasury acquired a new stake in Endava during the fourth quarter worth about $100,000. Finally, PNC Financial Services Group Inc. increased its holdings in Endava by 60.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock valued at $126,000 after buying an additional 1,538 shares during the period. Institutional investors and hedge funds own 62.23% of the company's stock.

Endava Price Performance

Shares of NYSE:DAVA traded up $0.78 during trading on Friday, hitting $16.48. 833,001 shares of the company were exchanged, compared to its average volume of 541,608. Endava plc has a 1-year low of $14.00 and a 1-year high of $34.94. The company has a market capitalization of $973.01 million, a P/E ratio of 149.85, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The business's 50 day moving average is $17.31 and its 200-day moving average is $24.65.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DAVA. Needham & Company LLC cut their price target on shares of Endava from $22.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, May 15th. Guggenheim cut their target price on Endava from $40.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Susquehanna reduced their target price on Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a report on Tuesday, May 20th. Cowen cut Endava from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $18.00 price objective on shares of Endava in a research report on Monday, May 19th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $26.75.

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.