Envestnet Asset Management Inc. Has $4.91 Million Stock Holdings in Endava PLC Sponsored ADR (NYSE:DAVA)

Envestnet Asset Management Inc. grew its holdings in Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) by 100.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 251,407 shares of the company's stock after purchasing an additional 126,158 shares during the quarter. Envestnet Asset Management Inc. owned about 0.43% of Endava worth $4,905,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Endava by 22.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,533,111 shares of the company's stock valued at $140,073,000 after buying an additional 842,433 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of Endava by 80.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,806,044 shares of the company's stock valued at $55,807,000 after buying an additional 805,903 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Endava by 187.5% in the fourth quarter. JPMorgan Chase & Co. now owns 858,894 shares of the company's stock valued at $26,540,000 after buying an additional 560,190 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Endava in the fourth quarter valued at about $14,698,000. Finally, Woodline Partners LP bought a new stake in shares of Endava in the fourth quarter valued at about $10,106,000. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Price Performance

Shares of NYSE:DAVA traded down $0.31 during trading on Monday, reaching $14.64. The stock had a trading volume of 282,652 shares, compared to its average volume of 653,868. Endava PLC Sponsored ADR has a 52 week low of $13.12 and a 52 week high of $34.94. The business's 50-day moving average price is $14.93 and its 200 day moving average price is $20.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a market capitalization of $864.32 million, a PE ratio of 38.53, a P/E/G ratio of 1.38 and a beta of 1.14.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Endava from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. TD Cowen cut shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of Endava in a research note on Thursday, July 17th. They set a "hold" rating and a $14.00 price target for the company. Cowen cut shares of Endava from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $18.00 price target on shares of Endava in a research note on Monday, May 19th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Endava has an average rating of "Hold" and an average price target of $25.22.

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.