Deutsche Bank AG Invests $1.41 Million in Endava PLC Sponsored ADR $DAVA

Key Points

• Deutsche Bank AG has acquired a new stake in Endava PLC, purchasing 72,287 shares valued at approximately $1.41 million, which represents 0.12% ownership of the company.
• Several institutional investors have significantly increased their holdings in Endava, with Barclays PLC raising its stake by 22,933.3% during the fourth quarter.
• Endava's stock has a current market cap of $807.71 million and has seen a price range between $11.63 and $34.94 over the past year, highlighting its market volatility.

Deutsche Bank AG purchased a new position in Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 72,287 shares of the company's stock, valued at approximately $1,410,000. Deutsche Bank AG owned approximately 0.12% of Endava at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State of Tennessee Department of Treasury purchased a new stake in Endava in the 4th quarter worth approximately $100,000. Investors Research Corp purchased a new stake in shares of Endava during the first quarter worth $217,000. Precision Wealth Strategies LLC boosted its position in Endava by 41.0% during the first quarter. Precision Wealth Strategies LLC now owns 12,622 shares of the company's stock valued at $246,000 after purchasing an additional 3,668 shares during the last quarter. Portside Wealth Group LLC increased its position in Endava by 5.7% in the 1st quarter. Portside Wealth Group LLC now owns 13,145 shares of the company's stock worth $256,000 after purchasing an additional 711 shares during the last quarter. Finally, Commerce Bank purchased a new stake in shares of Endava during the 4th quarter worth about $292,000. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Stock Performance

Shares of DAVA stock traded up $0.57 during trading hours on Wednesday, reaching $14.19. 399,153 shares of the company's stock were exchanged, compared to its average volume of 685,356. Endava PLC Sponsored ADR has a fifty-two week low of $11.63 and a fifty-two week high of $34.94. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $837.34 million, a P/E ratio of 37.33 and a beta of 1.12. The business has a fifty day moving average price of $13.82 and a 200-day moving average price of $17.96.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Needham & Company LLC increased their price objective on Endava from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Cowen lowered shares of Endava from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Wall Street Zen downgraded shares of Endava from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. reduced their price target on Endava from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Endava in a report on Thursday, July 17th. They set a "hold" rating and a $14.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $25.11.

About Endava

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.