Endava PLC Sponsored ADR (NYSE:DAVA) Position Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) by 85.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,125 shares of the company's stock after purchasing an additional 21,773 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of Endava worth $919,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in Endava in the fourth quarter valued at about $215,000. Natixis Advisors LLC boosted its stake in shares of Endava by 44.8% in the fourth quarter. Natixis Advisors LLC now owns 45,340 shares of the company's stock valued at $1,401,000 after buying an additional 14,023 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Endava by 35.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,289 shares of the company's stock worth $843,000 after acquiring an additional 7,124 shares during the period. Sei Investments Co. raised its position in Endava by 26.1% in 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 in the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Endava in the fourth quarter valued at $442,000. Hedge funds and other institutional investors own 62.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DAVA shares. TD Cowen cut shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 price target on the stock. in a research note on Thursday, May 15th. Cowen cut shares of Endava from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Guggenheim reissued a "buy" rating and set a $25.00 price target on shares of Endava in a research note on Tuesday, June 10th. Wall Street Zen raised Endava from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, Susquehanna reduced their price objective on Endava from $50.00 to $42.00 and set a "positive" rating for the company in a report on Tuesday, May 20th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $26.63.

Endava Stock Performance

NYSE:DAVA traded up $0.05 during trading hours on Thursday, reaching $15.49. 684,989 shares of the stock were exchanged, compared to its average volume of 561,605. The stock has a market capitalization of $914.37 million, a P/E ratio of 40.76, a P/E/G ratio of 1.47 and a beta of 1.14. The firm has a 50 day simple moving average of $16.35 and a 200-day simple moving average of $22.89. 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 PLC Sponsored ADR has a 52 week low of $13.39 and a 52 week high of $34.94.

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.