Voloridge Investment Management LLC Reduces Stock Position in Endava plc (NYSE:DAVA)

Voloridge Investment Management LLC decreased its holdings in shares of Endava plc (NYSE:DAVA - Free Report) by 35.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 257,679 shares of the company's stock after selling 142,756 shares during the period. Voloridge Investment Management LLC owned about 0.44% of Endava worth $7,962,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Assetmark Inc. increased its stake in Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after buying an additional 475 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock valued at $46,000 after purchasing an additional 786 shares during the period. Blue Trust Inc. boosted its holdings 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 purchasing an additional 331 shares during the period. State of Tennessee Department of Treasury acquired a new stake in shares of Endava during the 4th quarter worth approximately $100,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Endava by 60.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock worth $126,000 after acquiring an additional 1,538 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DAVA. Morgan Stanley increased their price objective on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Guggenheim reduced their target price on Endava from $40.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $18.00 target price on shares of Endava in a research note on Monday, May 19th. Susquehanna reduced their target price on Endava from $50.00 to $42.00 and set a "positive" rating for the company in a research note on Tuesday, May 20th. Finally, Cowen downgraded Endava from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Endava presently has a consensus rating of "Hold" and an average target price of $26.75.

Endava Trading Up 0.3%

NYSE DAVA traded up $0.05 during trading on Friday, hitting $15.47. 293,210 shares of the company's stock traded hands, compared to its average volume of 533,141. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a fifty day moving average of $17.80 and a two-hundred day moving average of $25.08. The firm has a market cap of $913.21 million, a P/E ratio of 140.73, a PEG ratio of 2.26 and a beta of 1.25. Endava plc has a 12-month low of $14.00 and a 12-month high of $34.94.

Endava 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.