Bamco Inc. NY Trims Stake in Endava plc (NYSE:DAVA)

Bamco Inc. NY lessened its stake in shares of Endava plc (NYSE:DAVA - Free Report) by 54.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 851,596 shares of the company's stock after selling 1,010,038 shares during the period. Bamco Inc. NY owned approximately 1.47% of Endava worth $21,750,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DAVA. Mawer Investment Management Ltd. lifted its stake in shares of Endava by 613.0% in the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company's stock worth $30,610,000 after buying an additional 1,030,403 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc boosted its stake in Endava by 8.7% during the 3rd 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 last quarter. XTX Topco Ltd bought a new stake in shares of Endava in the 2nd quarter worth $941,000. Horrell Capital Management Inc. raised 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 worth $3,831,000 after purchasing an additional 65,000 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Endava by 64.5% during the second 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. Hedge funds and other institutional investors own 62.23% of the company's stock.

Endava Trading Down 1.4 %

DAVA traded down $0.40 during trading on Tuesday, hitting $27.89. 71,053 shares of the stock were exchanged, compared to its average volume of 531,229. Endava plc has a 1 year low of $23.28 and a 1 year high of $81.06. 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 firm has a 50 day simple moving average of $26.15 and a 200 day simple moving average of $28.24. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 201.79, a P/E/G ratio of 2.00 and a beta of 1.24.

Endava (NYSE:DAVA - Get Free Report) last announced its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share 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%. As a group, equities analysts expect that Endava plc will post 0.65 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Needham & Company LLC raised their target price on shares of Endava from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Guggenheim decreased their price target on Endava from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Susquehanna dropped their price target on Endava from $66.00 to $55.00 and set a "positive" rating for the company in a research note on Friday, September 20th. Citigroup lowered their target price on shares of Endava from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, October 28th. Finally, Bank of America assumed coverage on shares of Endava in a research note on Friday, November 22nd. They set a "neutral" rating and a $29.00 target price for the company. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.83.

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.