Endava plc (NYSE:DAVA) Stock Holdings Boosted by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Endava plc (NYSE:DAVA - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,533,111 shares of the company's stock after buying an additional 842,433 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 7.68% of Endava worth $140,073,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its stake in Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after acquiring an additional 475 shares during the last quarter. Blue Trust Inc. increased its position in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after acquiring an additional 331 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock valued at $46,000 after acquiring an additional 786 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of Endava during the 4th quarter valued at $100,000. Finally, PNC Financial Services Group Inc. boosted its position in Endava by 60.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock worth $126,000 after purchasing an additional 1,538 shares during the period. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Endava Stock Up 4.2%

Shares of DAVA stock traded up $0.62 during trading hours on Thursday, hitting $15.41. 2,156,451 shares of the company were exchanged, compared to its average volume of 533,688. The business's 50-day simple moving average is $17.90 and its two-hundred day simple moving average is $25.17. Endava plc has a one year low of $14.00 and a one year high of $34.94. The stock has a market capitalization of $909.67 million, a price-to-earnings ratio of 140.09, a P/E/G ratio of 2.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90.

Analyst Ratings Changes

Several research analysts have commented on DAVA shares. Guggenheim cut their price objective on Endava from $40.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Cowen lowered shares of Endava from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Morgan Stanley boosted their price objective on shares of Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Needham & Company LLC lowered their target price on Endava from $22.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, May 15th. Finally, 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $26.75.

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.