Endava PLC Sponsored ADR (NYSE:DAVA) Shares Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV lifted its holdings in Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) by 63.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,028 shares of the company's stock after buying an additional 23,674 shares during the period. Azzad Asset Management Inc. ADV owned approximately 0.10% of Endava worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DAVA. Assetmark Inc. lifted its stake in shares of Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after buying an additional 475 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after buying an additional 331 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Endava by 114.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after buying an additional 786 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in shares of Endava in the fourth quarter worth about $100,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Endava by 60.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock worth $126,000 after buying an additional 1,538 shares in the last quarter. 62.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DAVA shares. Susquehanna reduced their target price on shares of Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a research note on Tuesday, May 20th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $18.00 target price on shares of Endava in a research note on Monday, May 19th. Guggenheim reaffirmed a "buy" rating and set a $25.00 target price on shares of Endava in a research note on Tuesday, June 10th. Cowen downgraded shares of Endava from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Needham & Company LLC lifted their target price on shares of Endava from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Endava presently has a consensus rating of "Hold" and a consensus price target of $26.63.

Endava Trading Down 2.3%

Shares of DAVA traded down $0.35 during trading on Wednesday, reaching $14.60. 563,965 shares of the company traded hands, compared to its average volume of 548,456. Endava PLC Sponsored ADR has a twelve month low of $14.00 and a twelve month high of $34.94. The stock has a market cap of $861.85 million, a PE ratio of 38.41, a price-to-earnings-growth ratio of 1.40 and a beta of 1.15. The stock has a 50-day simple moving average of $16.99 and a 200-day simple moving average of $23.96. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.21.

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.