Azzad Asset Management Inc. ADV Acquires 23,674 Shares of Endava plc (NYSE:DAVA)

Azzad Asset Management Inc. ADV lifted its position in shares of Endava plc (NYSE:DAVA - Free Report) by 63.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 61,028 shares of the company's stock after acquiring an additional 23,674 shares during the period. Azzad Asset Management Inc. ADV owned 0.10% of Endava worth $1,191,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its position in Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after buying an additional 331 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Endava by 22.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 81,662 shares of the company's stock valued at $2,523,000 after buying an additional 15,173 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its position in Endava by 2.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 287,510 shares of the company's stock valued at $8,884,000 after buying an additional 7,945 shares in the last quarter. Paradice Investment Management LLC grew its position in Endava by 24.3% in the 4th quarter. Paradice Investment Management LLC now owns 931,024 shares of the company's stock valued at $28,769,000 after buying an additional 181,868 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in Endava in the 4th quarter valued at about $442,000. Institutional investors own 62.23% of the company's stock.

Endava Trading Down 3.8%

DAVA stock traded down $0.61 during mid-day trading on Friday, reaching $15.66. 690,632 shares of the stock traded hands, compared to its average volume of 548,215. 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 plc has a 52-week low of $14.00 and a 52-week high of $34.94. The company has a market cap of $924.19 million, a P/E ratio of 142.33, a P/E/G ratio of 2.26 and a beta of 1.15. The stock's fifty day moving average is $17.11 and its 200-day moving average is $24.14.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $18.00 target price on shares of Endava in a research report on Monday, May 19th. Guggenheim reiterated a "buy" rating and issued a $25.00 target price on shares of Endava in a research report on Tuesday, June 10th. Susquehanna decreased their target price on shares of Endava from $50.00 to $42.00 and set a "positive" rating for the company in a research report on Tuesday, May 20th. Cowen downgraded shares of Endava from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen raised shares of Endava from a "hold" rating to a "buy" rating in a report on Saturday. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Endava currently has an average rating of "Hold" and a consensus target price of $26.63.

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.