Endava PLC – (NYSE:DAVA) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its stake in Endava PLC – (NYSE:DAVA) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,265 shares of the company’s stock after selling 3,470 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.12% of Endava worth $2,470,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Panagora Asset Management Inc. acquired a new stake in Endava during the second quarter worth $46,000. Ellington Management Group LLC acquired a new stake in Endava during the second quarter worth $209,000. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Endava during the second quarter worth $270,000. Canada Pension Plan Investment Board acquired a new stake in Endava during the second quarter worth $287,000. Finally, Northern Trust Corp increased its stake in Endava by 46.6% during the second quarter. Northern Trust Corp now owns 7,383 shares of the company’s stock worth $297,000 after acquiring an additional 2,348 shares during the last quarter. 27.35% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE DAVA traded up $0.48 during trading on Friday, reaching $39.98. The stock had a trading volume of 56,100 shares, compared to its average volume of 91,491. Endava PLC – has a fifty-two week low of $21.42 and a fifty-two week high of $44.99. The business’s 50-day moving average price is $39.37 and its 200-day moving average price is $37.54. The company has a market cap of $2.10 billion, a P/E ratio of 40.38, a PEG ratio of 2.56 and a beta of 0.77.

Several research firms have issued reports on DAVA. Zacks Investment Research cut Endava from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Susquehanna Bancshares began coverage on Endava in a research note on Tuesday, October 22nd. They set a “positive” rating and a $48.00 target price for the company. Deutsche Bank raised their target price on Endava from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. ValuEngine cut Endava from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Citigroup cut their target price on Endava from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Endava has an average rating of “Hold” and a consensus price target of $40.91.

Endava Profile

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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Institutional Ownership by Quarter for Endava (NYSE:DAVA)

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