Daiwa Securities Group Inc. Sells 6,100 Shares of Endava plc (NYSE:DAVA)

Daiwa Securities Group Inc. reduced its holdings in shares of Endava plc (NYSE:DAVA) by 10.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,207 shares of the company’s stock after selling 6,100 shares during the quarter. Daiwa Securities Group Inc. owned 0.09% of Endava worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Mawer Investment Management Ltd. lifted its stake in Endava by 613.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock valued at $30,610,000 after acquiring an additional 1,030,403 shares during the period. AEGON ASSET MANAGEMENT UK Plc lifted its position in Endava by 8.7% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock valued at $6,279,000 after purchasing an additional 19,669 shares during the period. XTX Topco Ltd purchased a new stake in Endava in the second quarter worth approximately $941,000. Horrell Capital Management Inc. grew its position in Endava by 76.5% in the 3rd quarter. Horrell Capital Management Inc. now owns 150,000 shares of the company’s stock worth $3,831,000 after purchasing an additional 65,000 shares during the period. Finally, Millennium Management LLC raised its stake in Endava by 64.5% during the 2nd quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock valued at $16,697,000 after buying an additional 223,964 shares during the last quarter. 62.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on DAVA shares. Citigroup cut their price objective on Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, October 28th. TD Cowen boosted their price target on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Guggenheim lowered their price objective on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Bank of America started coverage on shares of Endava in a research report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.83.

Endava Trading Down 0.5 %

Shares of Endava stock opened at $28.33 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The company has a fifty day moving average of $26.12 and a 200 day moving average of $28.28. The company has a market capitalization of $1.64 billion, a P/E ratio of 202.36, a P/E/G ratio of 2.01 and a beta of 1.21. Endava plc has a fifty-two week low of $23.28 and a fifty-two week high of $81.06.

Endava (NYSE:DAVA) last released its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). The business had revenue of $245.30 million for the quarter, compared to analysts’ expectations of $248.65 million. Endava had a return on equity of 1.10% and a net margin of 0.92%. On average, sell-side analysts anticipate that Endava plc will post 0.65 earnings per share for the current fiscal year.

About Endava

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.