Man Group plc Has $271,000 Stock Position in Endava plc (NYSE:DAVA)

Man Group plc trimmed its position in shares of Endava plc (NYSE:DAVA - Free Report) by 74.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,769 shares of the company's stock after selling 25,752 shares during the quarter. Man Group plc's holdings in Endava were worth $271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in Endava in the 4th quarter valued at $783,000. Blue Trust Inc. lifted its stake in shares of 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 during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Endava by 13.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company's stock worth $6,313,000 after acquiring an additional 25,000 shares in the last quarter. Precision Wealth Strategies LLC grew its position 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 purchasing an additional 383 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT purchased a new position in Endava during the fourth quarter worth $222,000. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Guggenheim decreased their target price on shares of Endava from $40.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. TD Cowen lowered shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 price target on the stock. in a report on Thursday, May 15th. Susquehanna dropped their price objective on Endava from $50.00 to $42.00 and set a "positive" rating for the company in a report on Tuesday, May 20th. Cowen cut shares of Endava from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Needham & Company LLC dropped their target price on Endava from $22.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $26.75.

Endava Stock Up 0.1%

DAVA stock traded up $0.01 during midday trading on Friday, hitting $15.43. 1,553,225 shares of the company's stock were exchanged, compared to its average volume of 535,489. The firm has a 50 day moving average price of $17.68 and a 200-day moving average price of $24.93. Endava plc has a 12-month low of $14.00 and a 12-month high of $34.94. The stock has a market capitalization of $910.85 million, a price-to-earnings ratio of 140.27, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava 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.