Endava plc (NYSE:DAVA) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its holdings in Endava plc (NYSE:DAVA - Free Report) by 79.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,835 shares of the company's stock after selling 744,416 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.32% of Endava worth $5,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DAVA. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Endava by 22.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,533,111 shares of the company's stock worth $140,073,000 after buying an additional 842,433 shares in the last quarter. Invesco Ltd. increased its stake in Endava by 2.5% in the 4th quarter. Invesco Ltd. now owns 3,276,183 shares of the company's stock worth $101,234,000 after purchasing an additional 81,004 shares during the period. CDAM UK Ltd boosted its position in Endava by 7.8% during the 4th quarter. CDAM UK Ltd now owns 2,348,674 shares of the company's stock valued at $72,574,000 after buying an additional 169,147 shares during the period. Alberta Investment Management Corp grew its stake in shares of Endava by 9.3% in the fourth quarter. Alberta Investment Management Corp now owns 1,384,902 shares of the company's stock worth $42,793,000 after purchasing an additional 118,081 shares during the last quarter. Finally, Paradice Investment Management LLC increased its stake in shares of Endava by 24.3% during the fourth quarter. Paradice Investment Management LLC now owns 931,024 shares of the company's stock valued at $28,769,000 after buying an additional 181,868 shares during the period. 62.23% of the stock is currently owned by institutional investors.

Endava Price Performance

Shares of Endava stock traded down $0.23 during trading on Tuesday, hitting $18.77. 330,449 shares of the company were exchanged, compared to its average volume of 486,177. 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 stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 170.67, a P/E/G ratio of 2.26 and a beta of 1.25. Endava plc has a fifty-two week low of $16.60 and a fifty-two week high of $34.94. The firm has a 50 day moving average price of $19.83 and a 200 day moving average price of $26.15.

Endava (NYSE:DAVA - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS 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 analyst estimates of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. On average, equities analysts expect that Endava plc will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DAVA shares. Susquehanna decreased their price target on shares of Endava from $55.00 to $50.00 and set a "positive" rating for the company in a research note on Friday, February 21st. Morgan Stanley increased their target price on shares of Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, Needham & Company LLC dropped their price target on Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $38.51.

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.