Sora Investors LLC Sells 44,606 Shares of Endava plc (NYSE:DAVA)

Sora Investors LLC trimmed its holdings in Endava plc (NYSE:DAVA) by 22.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 155,394 shares of the company’s stock after selling 44,606 shares during the quarter. Sora Investors LLC owned about 0.26% of Endava worth $4,802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DAVA. SG Americas Securities LLC boosted its holdings in Endava by 1,299.1% in the fourth quarter. SG Americas Securities LLC now owns 430,366 shares of the company’s stock worth $13,298,000 after purchasing an additional 399,605 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Endava during the 4th quarter valued at about $783,000. AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of Endava by 35.3% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 332,642 shares of the company’s stock worth $10,282,000 after purchasing an additional 86,870 shares during the period. Blue Trust Inc. grew its position in Endava by 28.5% during the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after buying an additional 331 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Endava by 13.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company’s stock valued at $6,313,000 after buying an additional 25,000 shares during the last quarter. Institutional investors own 62.23% of the company’s stock.

Endava Price Performance

NYSE:DAVA opened at $14.77 on Friday. The business’s 50-day moving average is $19.12 and its 200 day moving average is $25.78. Endava plc has a 12 month low of $14.32 and a 12 month high of $34.94. The company has a market capitalization of $871.89 million, a P/E ratio of 134.27, a P/E/G ratio of 2.26 and a beta of 1.25. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.06). Endava had a return on equity of 0.89% and a net margin of 0.74%. On average, equities research analysts forecast that Endava plc will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted 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. Guggenheim cut their price target on Endava from $40.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday. Needham & Company LLC decreased their price objective on Endava from $22.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday. TD Cowen cut Endava from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research report on Thursday. Finally, Susquehanna reduced their target price on shares of Endava from $55.00 to $50.00 and set a “positive” rating for the company in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.41.

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.