272 Capital LP Sells 138,646 Shares of Endava plc (NYSE:DAVA)

272 Capital LP lowered its stake in Endava plc (NYSE:DAVA) by 95.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,500 shares of the company’s stock after selling 138,646 shares during the quarter. 272 Capital LP’s holdings in Endava were worth $201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Blue Trust Inc. lifted its position in Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after buying an additional 331 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after buying an additional 786 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after acquiring an additional 745 shares in the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in shares of Endava in the 4th quarter valued at about $100,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DAVA. Susquehanna reduced their price target on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Friday, February 21st. Morgan Stanley raised their target price on shares of 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 dropped their price target on shares of Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Endava presently has a consensus rating of “Moderate Buy” and an average target price of $38.51.

Endava Price Performance

Shares of DAVA opened at $18.30 on Friday. The company’s 50-day moving average is $20.06 and its 200-day moving average is $26.26. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $1.08 billion, a PE ratio of 166.32, a PEG ratio of 2.26 and a beta of 1.33. Endava plc has a fifty-two week low of $16.60 and a fifty-two week high of $34.94.

Endava (NYSE:DAVA) 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). Endava had a net margin of 0.74% and a return on equity of 0.89%. The company had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. Equities analysts forecast that Endava plc will post 0.57 EPS for the current year.

Endava Company 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.