Robeco Institutional Asset Management B.V. Lowers Holdings in Endava plc (NYSE:DAVA)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Endava plc (NYSE:DAVA - Free Report) by 12.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,300 shares of the company's stock after selling 25,700 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.31% of Endava worth $4,579,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of Endava by 5.6% during the 1st quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company's stock valued at $353,000 after acquiring an additional 495 shares during the period. Duality Advisers LP purchased a new stake in shares of Endava during the 1st quarter worth about $284,000. Envestnet Portfolio Solutions Inc. lifted its holdings in Endava by 24.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,339 shares of the company's stock valued at $317,000 after purchasing an additional 1,622 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Endava in the first quarter valued at $832,000. Finally, Sei Investments Co. boosted its position in Endava by 30.5% in the 1st quarter. Sei Investments Co. now owns 110,144 shares of the company's stock valued at $4,190,000 after buying an additional 25,716 shares during the period. Institutional investors own 62.23% of the company's stock.

Analyst Upgrades and Downgrades

DAVA has been the subject of several recent analyst reports. Citigroup reduced their price target on Endava from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, October 28th. Needham & Company LLC cut their target price on shares of Endava from $42.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. Guggenheim lowered their price target on Endava from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Endava from $41.00 to $47.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. Finally, Susquehanna lowered their target price on Endava from $66.00 to $55.00 and set a "positive" rating on the stock in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $41.21.

Endava Stock Up 1.6 %

DAVA stock traded up $0.42 on Friday, hitting $26.37. 892,688 shares of the company's stock were exchanged, compared to its average volume of 447,806. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a 50 day moving average price of $26.87 and a two-hundred day moving average price of $28.56. The stock has a market cap of $1.52 billion, a P/E ratio of 73.25 and a beta of 1.21. Endava plc has a 12-month low of $23.28 and a 12-month high of $81.06.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $245.30 million during the quarter, compared to analysts' expectations of $248.65 million. Endava had a net margin of 2.30% and a return on equity of 2.75%. As a group, equities research analysts expect that Endava plc will post 0.77 EPS for the current fiscal 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.