Endava plc (NYSE:DAVA) Stock Holdings Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in Endava plc (NYSE:DAVAFree Report) by 18.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 42,889 shares of the company’s stock after selling 9,794 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of Endava worth $1,631,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Fourth Sail Capital LP bought a new position in shares of Endava in the 1st quarter worth about $27,622,000. Wallace Advisory Group LLC bought a new position in shares of Endava in the 1st quarter worth about $126,000. PNC Financial Services Group Inc. lifted its position in shares of Endava by 18.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock worth $414,000 after buying an additional 833 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of Endava in the 4th quarter worth about $1,837,000. Finally, Ranger Investment Management L.P. increased its holdings in shares of Endava by 0.5% in the 4th quarter. Ranger Investment Management L.P. now owns 262,330 shares of the company’s stock worth $20,422,000 after acquiring an additional 1,413 shares during the period. 62.23% of the stock is currently owned by institutional investors.

Endava Trading Up 0.1 %

Endava stock opened at $30.00 on Friday. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 33.33 and a beta of 1.22. The company’s 50-day moving average price is $28.66 and its two-hundred day moving average price is $46.76. Endava plc has a 52 week low of $24.51 and a 52 week high of $81.06.

Endava (NYSE:DAVAGet Free Report) last posted its quarterly earnings data on Thursday, May 23rd. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.10). Endava had a net margin of 5.69% and a return on equity of 7.13%. The business had revenue of $221.14 million for the quarter, compared to the consensus estimate of $220.59 million. Research analysts expect that Endava plc will post 0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DAVA has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of Endava from $40.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Endava from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, May 24th. Guggenheim dropped their price objective on shares of Endava from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Needham & Company LLC dropped their price objective on shares of Endava from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Finally, TD Cowen dropped their price objective on shares of Endava from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.41.

Check Out Our Latest Analysis on Endava

Endava Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Endava (NYSE:DAVA)

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