Voloridge Investment Management LLC Has $7.96 Million Stock Holdings in Endava plc (NYSE:DAVA)

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

A number of other large investors have also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. acquired a new position in Endava in the 4th quarter valued at about $215,000. Natixis Advisors LLC lifted its holdings in Endava by 44.8% during the 4th quarter. Natixis Advisors LLC now owns 45,340 shares of the company's stock worth $1,401,000 after buying an additional 14,023 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Endava by 13.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company's stock worth $6,313,000 after buying an additional 25,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Endava by 35.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,289 shares of the company's stock valued at $843,000 after buying an additional 7,124 shares during the period. Finally, Sei Investments Co. increased its position in shares of Endava by 26.1% during the fourth quarter. Sei Investments Co. now owns 118,095 shares of the company's stock worth $3,649,000 after acquiring an additional 24,426 shares during the period. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Morgan Stanley raised their price target on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. restated a "neutral" rating and issued a $18.00 target price on shares of Endava in a report on Monday, May 19th. Cowen downgraded shares of Endava from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Susquehanna lowered their price objective on shares of Endava from $50.00 to $42.00 and set a "positive" rating for the company in a research note on Tuesday, May 20th. Finally, Needham & Company LLC cut their target price on Endava from $22.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, May 15th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $26.75.

Endava Price Performance

Shares of DAVA traded down $0.24 during trading hours on Wednesday, hitting $14.82. 695,987 shares of the company were exchanged, compared to its average volume of 527,536. The firm has a fifty day simple moving average of $17.90 and a 200-day simple moving average of $25.17. 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 company has a market capitalization of $875.08 million, a PE ratio of 134.76, a PEG ratio of 2.26 and a beta of 1.25. Endava plc has a one year low of $14.00 and a one year high of $34.94.

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.