177,800 Shares in Endava plc (NYSE:DAVA) Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new position in shares of Endava plc (NYSE:DAVA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 177,800 shares of the company's stock, valued at approximately $5,494,000. Polar Asset Management Partners Inc. owned 0.30% of Endava as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. boosted its position in Endava by 20.2% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 411,139 shares of the company's stock valued at $12,704,000 after buying an additional 69,135 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Endava by 22.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,533,111 shares of the company's stock valued at $140,073,000 after buying an additional 842,433 shares during the period. Public Employees Retirement System of Ohio bought a new position in Endava during the fourth quarter worth $1,147,000. Woodline Partners LP bought a new position in shares of Endava during the 4th quarter worth about $10,106,000. Finally, Sovereign s Capital Management LLC acquired a new stake in Endava in the fourth quarter valued at approximately $4,397,000. Institutional investors own 62.23% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DAVA. TD Cowen downgraded shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a report on Thursday, May 15th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $18.00 price target on shares of Endava in a report on Monday, May 19th. Guggenheim reduced their price target on shares of Endava from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Morgan Stanley raised their target price on shares of Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, Cowen lowered Endava from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Endava has an average rating of "Hold" and an average price target of $26.75.

Endava Stock Up 0.1%

DAVA stock traded up $0.01 during trading on Friday, reaching $15.43. 1,553,225 shares of the company traded hands, compared to its average volume of 535,489. The business has a 50 day simple moving average of $17.68 and a 200 day simple moving average of $24.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. Endava plc has a 12 month low of $14.00 and a 12 month high of $34.94. The company has a market capitalization of $910.85 million, a price-to-earnings ratio of 140.27, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25.

Endava Company Profile

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.