Townsquare Capital LLC Sells 12,217 Shares of Endava plc (NYSE:DAVA)

Townsquare Capital LLC lowered its stake in shares of Endava plc (NYSE:DAVA) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,751 shares of the company’s stock after selling 12,217 shares during the quarter. Townsquare Capital LLC owned about 0.14% of Endava worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in DAVA. Mawer Investment Management Ltd. lifted its position in shares of Endava by 613.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock valued at $30,610,000 after buying an additional 1,030,403 shares during the last quarter. Paradice Investment Management LLC purchased a new stake in Endava during the second quarter valued at approximately $18,695,000. Fourth Sail Capital LP boosted its stake in Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock valued at $23,782,000 after acquiring an additional 247,418 shares in the last quarter. Millennium Management LLC grew its holdings in Endava by 64.5% in the second quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock worth $16,697,000 after purchasing an additional 223,964 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Endava by 4,578.4% during the second quarter. Acadian Asset Management LLC now owns 169,500 shares of the company’s stock worth $4,949,000 after purchasing an additional 165,877 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Analyst Ratings Changes

DAVA has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price objective on Endava from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Citigroup dropped their price target on Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Bank of America began coverage on shares of Endava in a report on Friday, November 22nd. They set a “neutral” rating and a $29.00 price objective on the stock. Guggenheim lowered their target price on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upped their price target 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. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Endava currently has an average rating of “Moderate Buy” and a consensus target price of $39.83.

Endava Stock Performance

Shares of NYSE DAVA opened at $28.31 on Friday. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 202.21, a PEG ratio of 2.01 and a beta of 1.21. Endava plc has a 12 month low of $23.28 and a 12 month high of $81.06. The company has a 50 day simple moving average of $26.12 and a two-hundred day simple moving average of $28.27. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.13). The business had revenue of $245.30 million during the quarter, compared to analysts’ expectations of $248.65 million. Endava had a net margin of 0.92% and a return on equity of 1.10%. As a group, analysts predict that Endava plc will post 0.65 earnings per share for the current year.

About Endava

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.