Atria Wealth Solutions Inc. Reduces Stock Position in Endava plc (NYSE:DAVA)

Atria Wealth Solutions Inc. reduced its holdings in shares of Endava plc (NYSE:DAVA) by 32.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,687 shares of the company’s stock after selling 1,777 shares during the period. Atria Wealth Solutions Inc.’s holdings in Endava were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Signaturefd LLC increased its position in shares of Endava by 194.9% in the 3rd quarter. Signaturefd LLC now owns 1,153 shares of the company’s stock worth $66,000 after purchasing an additional 762 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in Endava during the fourth quarter valued at approximately $81,000. Citigroup Inc. lifted its holdings in Endava by 4,429.2% during the 3rd quarter. Citigroup Inc. now owns 2,174 shares of the company’s stock worth $125,000 after buying an additional 2,126 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in shares of Endava in the 3rd quarter worth approximately $149,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Endava in the 4th quarter valued at approximately $218,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Needham & Company LLC decreased their price objective on shares of Endava from $70.00 to $50.00 and set a “buy” rating for the company in a report on Friday, March 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $40.00 target price on shares of Endava in a report on Monday, April 22nd. Guggenheim assumed coverage on Endava in a report on Tuesday, March 19th. They issued a “buy” rating and a $60.00 price target on the stock. Citigroup dropped their target price on Endava from $40.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Finally, TD Cowen reduced their price target on shares of Endava from $85.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Endava has an average rating of “Moderate Buy” and a consensus price target of $51.00.

Endava Stock Down 0.2 %

Shares of DAVA opened at $33.20 on Thursday. The firm has a market capitalization of $1.92 billion, a PE ratio of 22.90 and a beta of 1.14. The firm has a 50-day moving average price of $34.36 and a 200 day moving average price of $55.91. Endava plc has a 52-week low of $28.99 and a 52-week high of $81.06.

Endava (NYSE:DAVA) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Endava had a return on equity of 11.77% and a net margin of 8.88%. The company had revenue of $227.96 million during the quarter, compared to analyst estimates of $231.07 million. On average, equities analysts expect that Endava plc will post 0.62 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.