Endava plc (NYSE:DAVA) Shares Sold by Man Group plc

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. raised its stake in Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after buying an additional 475 shares in the last quarter. 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 buying an additional 331 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Endava by 114.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock valued at $46,000 after buying an additional 786 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in Endava in the fourth quarter valued at $100,000. Finally, PNC Financial Services Group Inc. raised its stake in Endava by 60.4% in the fourth 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 in the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DAVA shares. Cowen lowered Endava from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $18.00 price objective on shares of Endava in a report on Monday, May 19th. Needham & Company LLC dropped their price objective on Endava from $22.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. TD Cowen lowered Endava from a "buy" rating to a "hold" rating and set a $17.00 price objective on the stock. in a report on Thursday, May 15th. Finally, Guggenheim dropped their price objective on Endava from $40.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $26.75.

Endava Stock Performance

Shares of Endava stock traded up $0.01 during trading hours on Friday, hitting $15.43. 1,553,225 shares of the company were exchanged, compared to its average volume of 536,813. Endava plc has a 1 year low of $14.00 and a 1 year high of $34.94. 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 business has a 50-day moving average of $17.68 and a 200-day moving average of $24.98. The stock has a market capitalization of $910.85 million, a price-to-earnings ratio of 140.27, a P/E/G ratio of 2.26 and a beta of 1.25.

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.