Wells Fargo & Company MN Sells 52,067 Shares of Endava plc (NYSE:DAVA)

Wells Fargo & Company MN trimmed its holdings in shares of Endava plc (NYSE:DAVA) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 262,588 shares of the company’s stock after selling 52,067 shares during the quarter. Wells Fargo & Company MN owned about 0.44% of Endava worth $8,114,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arizona PSPRS Trust acquired a new stake in Endava during the fourth quarter worth about $470,000. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Endava by 80.0% in the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 30,835 shares of the company’s stock worth $953,000 after purchasing an additional 13,704 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Endava by 187.5% during the 4th quarter. JPMorgan Chase & Co. now owns 858,894 shares of the company’s stock worth $26,540,000 after buying an additional 560,190 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in Endava by 9.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 307,158 shares of the company’s stock worth $9,491,000 after purchasing an additional 26,964 shares during the last quarter. Finally, Pier Capital LLC acquired a new stake in Endava during the 4th quarter valued at approximately $6,755,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Endava Price Performance

Shares of Endava stock opened at $17.09 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. Endava plc has a 52-week low of $16.70 and a 52-week high of $34.94. The company has a fifty day moving average of $22.75 and a 200-day moving average of $26.73. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 155.36, a price-to-earnings-growth ratio of 2.26 and a beta of 1.33.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The business had revenue of $250.63 million for the quarter, compared to analysts’ expectations of $197.33 million. Equities research analysts expect that Endava plc will post 0.57 EPS for the current year.

Analyst Ratings Changes

DAVA has been the subject of a number of research reports. Needham & Company LLC reduced their price target on shares of Endava from $43.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 21st. Susquehanna reduced their target price on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a report on Friday, February 21st. Finally, Morgan Stanley raised their price target on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Endava presently has an average rating of “Moderate Buy” and an average price target of $39.10.

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.