Endava plc (NYSE:DAVA) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd cut its stake in shares of Endava plc (NYSE:DAVA) by 14.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,143 shares of the company’s stock after selling 3,970 shares during the period. Quadrature Capital Ltd’s holdings in Endava were worth $591,000 as of its most recent SEC filing.

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

Endava Price Performance

Shares of DAVA opened at $30.05 on Monday. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 214.64, a PEG ratio of 2.01 and a beta of 1.24. The firm’s fifty day simple moving average is $26.37 and its 200-day simple moving average is $28.24. Endava plc has a twelve month low of $23.28 and a twelve month high of $81.06. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The business had revenue of $245.30 million during the quarter, compared to analyst estimates of $248.65 million. Endava had a net margin of 0.92% and a return on equity of 1.10%. Equities analysts forecast that Endava plc will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Citigroup lowered their price objective on shares of Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Needham & Company LLC upped their target price on shares of Endava from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Guggenheim decreased their price target on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, TD Cowen boosted their price target on shares of Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.83.

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.