Kornitzer Capital Management Inc. KS trimmed its position in shares of Endava PLC – (NYSE:DAVA) by 5.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 65,265 shares of the company’s stock after selling 3,470 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Endava were worth $2,470,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in DAVA. Panagora Asset Management Inc. acquired a new stake in shares of Endava during the 2nd quarter worth $46,000. Ellington Management Group LLC acquired a new stake in shares of Endava during the 2nd quarter worth $209,000. Ladenburg Thalmann Financial Services Inc. acquired a new stake in shares of Endava during the 2nd quarter worth $270,000. Canada Pension Plan Investment Board acquired a new stake in shares of Endava during the 2nd quarter worth $287,000. Finally, Northern Trust Corp increased its holdings in shares of Endava by 46.6% during the 2nd quarter. Northern Trust Corp now owns 7,383 shares of the company’s stock worth $297,000 after buying an additional 2,348 shares during the last quarter. Institutional investors and hedge funds own 27.35% of the company’s stock.
NYSE:DAVA traded up $0.48 on Friday, reaching $39.98. The stock had a trading volume of 56,100 shares, compared to its average volume of 91,491. The company has a 50-day moving average of $39.37 and a 200 day moving average of $37.54. The stock has a market cap of $2.10 billion, a P/E ratio of 40.38, a price-to-earnings-growth ratio of 2.56 and a beta of 0.77. Endava PLC – has a 12-month low of $21.42 and a 12-month high of $44.99.
Several brokerages recently issued reports on DAVA. Deutsche Bank increased their price target on Endava from $36.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, September 26th. ValuEngine downgraded Endava from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Needham & Company LLC began coverage on Endava in a report on Friday, October 18th. They issued a “buy” rating and a $46.00 price target for the company. Zacks Investment Research downgraded Endava from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Finally, Cantor Fitzgerald began coverage on Endava in a report on Thursday, October 10th. They issued a “neutral” rating and a $39.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $40.91.
Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.
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