Townsquare Capital LLC Sells 2,413 Shares of Endava plc (NYSE:DAVA)

Townsquare Capital LLC lowered its stake in Endava plc (NYSE:DAVA) by 3.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,338 shares of the company’s stock after selling 2,413 shares during the period. Townsquare Capital LLC owned 0.13% of Endava worth $2,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its stake in shares of Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after buying an additional 475 shares in the last quarter. Blue Trust Inc. lifted its position in Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after acquiring an additional 331 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock valued at $46,000 after purchasing an additional 786 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after purchasing an additional 745 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Endava by 60.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company’s stock worth $126,000 after purchasing an additional 1,538 shares during the last quarter. Institutional investors own 62.23% of the company’s stock.

Endava Price Performance

Shares of Endava stock opened at $17.84 on Wednesday. The stock has a market cap of $1.05 billion, a P/E ratio of 162.14, a P/E/G ratio of 2.26 and a beta of 1.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The stock’s fifty day moving average is $23.40 and its 200 day moving average is $26.85. Endava plc has a one year low of $16.70 and a one year high of $34.94.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Susquehanna reduced their price objective on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a report on Friday, February 21st. Morgan Stanley lifted their target price on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC dropped their price target on Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.10.

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.