Envestnet Asset Management Inc. lifted its holdings in Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) by 100.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 251,407 shares of the company's stock after purchasing an additional 126,158 shares during the period. Envestnet Asset Management Inc. owned about 0.43% of Endava worth $4,905,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of DAVA. Portside Wealth Group LLC lifted its holdings in Endava by 5.7% during the first quarter. Portside Wealth Group LLC now owns 13,145 shares of the company's stock valued at $256,000 after purchasing an additional 711 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Endava by 114.2% during the fourth 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 in the last quarter. Sompo Asset Management Co. Ltd. lifted its stake in shares of Endava by 10.1% in the fourth quarter. Sompo Asset Management Co. Ltd. now owns 15,680 shares of the company's stock worth $485,000 after buying an additional 1,440 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in shares of Endava in the fourth quarter worth about $100,000. Finally, Precision Wealth Strategies LLC lifted its stake in shares of Endava by 41.0% in the first quarter. Precision Wealth Strategies LLC now owns 12,622 shares of the company's stock worth $246,000 after buying an additional 3,668 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on DAVA shares. Guggenheim restated a "buy" rating and set a $25.00 price objective on shares of Endava in a research report on Tuesday, June 10th. TD Cowen cut shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 price objective for the company. in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Endava in a research report on Thursday, July 17th. They set a "hold" rating and a $14.00 price objective for the company. Needham & Company LLC raised their price objective on shares of Endava from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Cowen cut shares of Endava from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $25.22.
Check Out Our Latest Stock Analysis on Endava
Endava Price Performance
NYSE:DAVA traded up $0.39 during mid-day trading on Friday, hitting $14.92. 312,203 shares of the company's stock traded hands, compared to its average volume of 674,932. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.18 and a current ratio of 2.18. The firm's 50 day simple moving average is $14.95 and its 200 day simple moving average is $21.07. Endava PLC Sponsored ADR has a 1 year low of $13.12 and a 1 year high of $34.94. The company has a market cap of $880.79 million, a PE ratio of 39.27, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14.
About Endava
(
Free Report)
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.
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