Sora Investors LLC Sells 44,606 Shares of Endava plc (NYSE:DAVA)

Sora Investors LLC trimmed its stake in shares of Endava plc (NYSE:DAVA - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 155,394 shares of the company's stock after selling 44,606 shares during the quarter. Sora Investors LLC owned about 0.26% of Endava worth $4,802,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DAVA. Oppenheimer Asset Management Inc. bought a new position in shares of Endava in the 4th quarter valued at $215,000. Natixis Advisors LLC lifted its stake in Endava by 44.8% in the 4th quarter. Natixis Advisors LLC now owns 45,340 shares of the company's stock valued at $1,401,000 after purchasing an additional 14,023 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Endava by 13.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company's stock worth $6,313,000 after buying an additional 25,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Endava by 35.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,289 shares of the company's stock worth $843,000 after buying an additional 7,124 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Endava by 26.1% during the 4th quarter. Sei Investments Co. now owns 118,095 shares of the company's stock valued at $3,649,000 after acquiring an additional 24,426 shares in the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Stock Down 1.9%

NYSE:DAVA traded down $0.29 on Wednesday, hitting $14.77. The stock had a trading volume of 353,930 shares, compared to its average volume of 526,966. The company has a market cap of $871.59 million, a PE ratio of 134.50, a P/E/G ratio of 2.26 and a beta of 1.25. Endava plc has a 52 week low of $14.32 and a 52 week high of $34.94. The business's fifty day moving average is $18.76 and its 200 day moving average is $25.60. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.18). The firm had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. On average, equities research analysts expect that Endava plc will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley lifted their price target on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Needham & Company LLC cut their price target on shares of 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 target price for the company. in a research report on Thursday, May 15th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $18.00 price target on shares of Endava in a research report on Monday. Finally, Cowen cut Endava from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $29.71.

Endava Company 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.