Endava plc (NYSE:DAVA) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its position in Endava plc (NYSE:DAVA - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 262,588 shares of the company's stock after selling 52,067 shares during the period. Wells Fargo & Company MN owned approximately 0.44% of Endava worth $8,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of DAVA. Assetmark Inc. grew its holdings in Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after acquiring an additional 475 shares during the period. Blue Trust Inc. grew its stake in shares of Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after purchasing an additional 331 shares during the period. GAMMA Investing LLC increased its holdings in shares of Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock valued at $50,000 after purchasing an additional 745 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of 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 purchasing an additional 1,538 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Endava during the fourth quarter worth $215,000. Institutional investors and hedge funds own 62.23% of the company's stock.

Endava Price Performance

NYSE DAVA traded up $1.68 during mid-day trading on Wednesday, hitting $18.76. The stock had a trading volume of 229,210 shares, compared to its average volume of 452,326. The firm's 50 day moving average is $21.74 and its 200 day moving average is $26.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 170.55, a PEG ratio of 2.26 and a beta of 1.33. Endava plc has a twelve month low of $16.60 and a twelve month high of $34.94.

Endava (NYSE:DAVA - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.18). The business had revenue of $250.63 million during 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%. Equities research analysts forecast that Endava plc will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DAVA shares. Needham & Company LLC decreased their price objective on shares of Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Susquehanna reduced their price target on Endava from $55.00 to $50.00 and set a "positive" rating for the company in a report on Friday, February 21st. Finally, Morgan Stanley raised their price objective on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Endava has an average rating of "Moderate Buy" and a consensus target price of $39.10.

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.