Invesco Ltd. Has $67.13 Million Position in Endava PLC Sponsored ADR $DAVA

Key Points

• Invesco Ltd. increased its holdings in Endava PLC Sponsored ADR by 5.0%, owning a total of 3,440,658 shares, valued at approximately $67.1 million.
• Several other large investors also grew their positions in Endava, with 62.23% of the stock now owned by institutional investors.
• Endava's current stock price is around $12.60, experiencing fluctuations with a 12-month low of $11.63 and a high of $34.94.

Invesco Ltd. raised its stake in Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,440,658 shares of the company's stock after buying an additional 164,475 shares during the quarter. Invesco Ltd. owned about 5.83% of Endava worth $67,127,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Portside Wealth Group LLC raised its holdings 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 valued at $256,000 after purchasing an additional 711 shares during the last quarter. Sompo Asset Management Co. Ltd. raised its holdings 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 valued at $485,000 after purchasing an additional 1,440 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of Endava in the fourth quarter valued at approximately $100,000. Precision Wealth Strategies LLC raised its holdings 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 valued at $246,000 after purchasing an additional 3,668 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Endava by 3.7% in the fourth quarter. Legal & General Group Plc now owns 139,576 shares of the company's stock valued at $4,321,000 after purchasing an additional 5,042 shares during the last quarter. Institutional investors own 62.23% of the company's stock.

Wall Street Analyst Weigh In

DAVA has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Endava from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Wednesday. TD Cowen downgraded shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 price objective on the stock. in a report on Thursday, May 15th. Guggenheim reiterated a "buy" rating and issued a $25.00 price objective on shares of Endava in a report on Tuesday, June 10th. Wall Street Zen downgraded shares of Endava from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Endava in a report on Thursday, July 17th. They issued a "hold" rating and a $14.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $25.11.

Endava Stock Up 2.0%

DAVA traded up $0.2570 during trading on Thursday, reaching $12.9670. 773,244 shares of the stock were exchanged, compared to its average volume of 731,108. The stock has a market cap of $765.44 million, a P/E ratio of 34.12 and a beta of 1.12. Endava PLC Sponsored ADR has a twelve month low of $11.63 and a twelve month high of $34.94. The stock's 50 day moving average price is $13.92 and its two-hundred day moving average price is $18.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.18 and a current ratio of 2.18.

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.