US Bancorp DE Sells 272 Shares of Endava plc (NYSE:DAVA)

US Bancorp DE lowered its position in shares of Endava plc (NYSE:DAVAGet Rating) by 22.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 940 shares of the company’s stock after selling 272 shares during the period. US Bancorp DE’s holdings in Endava were worth $83,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DAVA. Invesco Ltd. bought a new stake in Endava during the first quarter worth about $64,236,000. Capital World Investors increased its holdings in shares of Endava by 115.3% in the first quarter. Capital World Investors now owns 857,000 shares of the company’s stock worth $114,007,000 after buying an additional 459,000 shares during the period. Grandeur Peak Global Advisors LLC increased its holdings in shares of Endava by 22.6% in the first quarter. Grandeur Peak Global Advisors LLC now owns 1,780,534 shares of the company’s stock worth $236,864,000 after buying an additional 328,712 shares during the period. WCM Investment Management LLC increased its holdings in shares of Endava by 126.0% in the first quarter. WCM Investment Management LLC now owns 531,344 shares of the company’s stock worth $70,685,000 after buying an additional 296,204 shares during the period. Finally, 1832 Asset Management L.P. increased its holdings in shares of Endava by 50.5% in the first quarter. 1832 Asset Management L.P. now owns 715,200 shares of the company’s stock worth $93,835,000 after buying an additional 240,000 shares during the period. Institutional investors own 52.49% of the company’s stock.

Endava Price Performance

Shares of NYSE:DAVA opened at $63.93 on Thursday. Endava plc has a 1 year low of $61.55 and a 1 year high of $172.41. The company has a market cap of $3.56 billion, a PE ratio of 33.30 and a beta of 1.21. The stock’s 50-day moving average is $77.92 and its 200 day moving average is $91.51.

Endava (NYSE:DAVAGet Rating) last posted its earnings results on Tuesday, September 27th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.19. Endava had a return on equity of 21.48% and a net margin of 12.64%. The firm had revenue of $226.82 million for the quarter, compared to the consensus estimate of $219.99 million. Analysts expect that Endava plc will post 1.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DAVA shares. Citigroup decreased their price objective on Endava from $145.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, September 28th. Morgan Stanley decreased their price objective on Endava from $130.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, September 28th. Needham & Company LLC decreased their price objective on Endava from $135.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, September 27th. Wedbush decreased their price objective on Endava from $120.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, September 28th. Finally, Susquehanna Bancshares reduced their price target on Endava from $150.00 to $110.00 and set a “positive” rating on the stock in a report on Wednesday, September 28th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.11.

Endava Company Profile

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Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. The company offers technology and digital advisory services for payments and financial services, and TMT sectors; IT strategies; business analysis services; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.

Further Reading

Institutional Ownership by Quarter for Endava (NYSE:DAVA)

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