Endava PLC Sponsored ADR (NYSE:DAVA) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) by 85.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,125 shares of the company's stock after acquiring an additional 21,773 shares during the quarter. Janney Montgomery Scott LLC owned about 0.08% of Endava worth $919,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DAVA. Assetmark Inc. boosted its holdings in Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after acquiring an additional 475 shares during the period. Portside Wealth Group LLC lifted its stake in shares of Endava by 5.7% in the first quarter. Portside Wealth Group LLC now owns 13,145 shares of the company's stock worth $256,000 after acquiring an additional 711 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Endava by 114.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after acquiring an additional 786 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Endava by 20.2% in the fourth quarter. Jones Financial Companies Lllp now owns 8,284 shares of the company's stock valued at $256,000 after purchasing an additional 1,392 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. grew its stake in Endava by 10.1% during the 4th quarter. Sompo Asset Management Co. Ltd. now owns 15,680 shares of the company's stock valued at $485,000 after purchasing an additional 1,440 shares in the last quarter. 62.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DAVA. TD Cowen lowered Endava from a "buy" rating to a "hold" rating and set a $17.00 target price on the stock. in a research report on Thursday, May 15th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $18.00 price target on shares of Endava in a report on Monday, May 19th. Needham & Company LLC increased their price objective on shares of Endava from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Cowen cut shares of Endava from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Susquehanna decreased their price target on Endava from $50.00 to $42.00 and set a "positive" rating for the company in a research note on Tuesday, May 20th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.63.

Endava Price Performance

Shares of NYSE:DAVA opened at $15.05 on Monday. 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 firm has a 50-day simple moving average of $16.47 and a 200 day simple moving average of $23.09. Endava PLC Sponsored ADR has a fifty-two week low of $13.39 and a fifty-two week high of $34.94. The company has a market cap of $888.11 million, a PE ratio of 39.59, a P/E/G ratio of 1.35 and a beta of 1.15.

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.

Want to see what other hedge funds are holding DAVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Endava PLC Sponsored ADR (NYSE:DAVA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.