Grandeur Peak Global Advisors LLC Sells 369,484 Shares of Endava plc (NYSE:DAVA)

Grandeur Peak Global Advisors LLC lessened its stake in Endava plc (NYSE:DAVA - Free Report) by 46.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 433,846 shares of the company's stock after selling 369,484 shares during the period. Endava comprises about 1.2% of Grandeur Peak Global Advisors LLC's portfolio, making the stock its 23rd biggest position. Grandeur Peak Global Advisors LLC owned 0.73% of Endava worth $13,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DAVA. Raymond James Financial Inc. bought a new stake in Endava during the fourth quarter valued at $14,698,000. Legal & General Group Plc grew its stake in Endava by 3.7% during the fourth quarter. Legal & General Group Plc now owns 139,576 shares of the company's stock worth $4,321,000 after purchasing an additional 5,042 shares during the period. Invesco Ltd. increased its holdings in Endava by 2.5% in the fourth quarter. Invesco Ltd. now owns 3,276,183 shares of the company's stock worth $101,234,000 after purchasing an additional 81,004 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Endava by 114.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock valued at $46,000 after buying an additional 786 shares during the period. Finally, CDAM UK Ltd boosted its holdings in shares of Endava by 7.8% during the 4th quarter. CDAM UK Ltd now owns 2,348,674 shares of the company's stock worth $72,574,000 after buying an additional 169,147 shares in the last quarter. 62.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on DAVA. Susquehanna dropped their target price on shares of Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a research report on Friday, February 21st. Morgan Stanley raised their target price on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, Needham & Company LLC cut their price target on Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Four research 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.10.

Endava Stock Down 1.3 %

NYSE:DAVA traded down $0.23 during trading hours on Thursday, hitting $17.17. 219,889 shares of the company traded hands, compared to its average volume of 486,368. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.01 billion, a PE ratio of 156.06, a PEG ratio of 2.26 and a beta of 1.33. The firm's 50-day simple moving average is $23.07 and its 200-day simple moving average is $26.78. Endava plc has a one year low of $16.70 and a one year high of $34.94.

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

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.