Fourth Sail Capital LP Trims Stock Holdings in Endava PLC Sponsored ADR $DAVA

Fourth Sail Capital LP lowered its position in Endava PLC Sponsored ADR (NYSE:DAVA) by 48.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 731,423 shares of the company’s stock after selling 674,800 shares during the period. Endava comprises approximately 2.3% of Fourth Sail Capital LP’s investment portfolio, making the stock its 21st biggest position. Fourth Sail Capital LP owned approximately 1.24% of Endava worth $11,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Endava during the 1st quarter worth approximately $25,000. GAMMA Investing LLC raised its holdings in Endava by 81.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock valued at $26,000 after acquiring an additional 753 shares during the last quarter. State of Wyoming lifted its stake in Endava by 112.7% in the 1st quarter. State of Wyoming now owns 2,367 shares of the company’s stock worth $46,000 after purchasing an additional 1,254 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Endava by 23.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company’s stock worth $72,000 after purchasing an additional 689 shares during the last quarter. Finally, Investors Research Corp boosted its holdings in shares of Endava by 7.4% during the 2nd quarter. Investors Research Corp now owns 11,950 shares of the company’s stock worth $183,000 after purchasing an additional 825 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Price Performance

Shares of NYSE:DAVA opened at $9.35 on Monday. The company has a 50-day simple moving average of $9.49 and a 200-day simple moving average of $13.13. Endava PLC Sponsored ADR has a one year low of $8.17 and a one year high of $34.94. The stock has a market capitalization of $525.68 million, a price-to-earnings ratio of 20.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 2.32.

Wall Street Analyst Weigh In

A number of brokerages have commented on DAVA. Guggenheim reduced their target price on shares of Endava from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. Needham & Company LLC decreased their price target on Endava from $20.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Endava in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on shares of Endava from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Finally, Morgan Stanley dropped their target price on shares of Endava from $17.00 to $11.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.00.

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.