Steward Partners Investment Advisory LLC lessened its holdings in Endava plc (NYSE:DAVA – Get Rating) by 48.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 254 shares of the company’s stock after selling 235 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Endava were worth $34,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Castleview Partners LLC bought a new stake in shares of Endava in the fourth quarter worth $66,000. Harbor Investment Advisory LLC raised its position in Endava by 92.0% during the first quarter. Harbor Investment Advisory LLC now owns 622 shares of the company’s stock worth $83,000 after acquiring an additional 298 shares in the last quarter. FourThought Financial LLC raised its position in Endava by 25,025.0% during the first quarter. FourThought Financial LLC now owns 1,005 shares of the company’s stock worth $134,000 after acquiring an additional 1,001 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Endava during the fourth quarter worth $140,000. Finally, Loews Corp acquired a new position in shares of Endava in the fourth quarter valued at $200,000. Institutional investors own 49.74% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have commented on DAVA shares. Cowen decreased their price objective on shares of Endava from $155.00 to $125.00 in a report on Friday, May 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Endava from $154.00 to $94.00 in a report on Friday, May 13th. Wedbush decreased their price objective on shares of Endava from $200.00 to $120.00 in a report on Monday, May 16th. Susquehanna decreased their price target on shares of Endava from $200.00 to $150.00 in a research note on Friday, May 13th. Finally, Cowen decreased their price target on shares of Endava from $155.00 to $125.00 in a research note on Friday, May 13th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $147.67.
Endava Stock Up 3.0 %
Endava (NYSE:DAVA – Get Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. The firm had revenue of $169.20 million for the quarter, compared to the consensus estimate of $162.36 million. Endava had a net margin of 11.84% and a return on equity of 20.94%. The business’s revenue for the quarter was up 50.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. On average, sell-side analysts expect that Endava plc will post 1.61 earnings per share for the current year.
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.
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