Endava PLC Sponsored ADR (NYSE:DAVA) Stake Raised by M&T Bank Corp

M&T Bank Corp grew its position in Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) by 182.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,499 shares of the company's stock after buying an additional 25,506 shares during the quarter. M&T Bank Corp owned 0.07% of Endava worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DAVA. Assetmark Inc. grew its position in shares of Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after buying an additional 475 shares during the last quarter. Quadrant Capital Group LLC grew 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 purchasing an additional 786 shares during the last quarter. State of Tennessee Department of Treasury purchased a new position in Endava in the 4th quarter valued at $100,000. PNC Financial Services Group Inc. lifted its stake in shares of Endava by 60.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock worth $126,000 after acquiring an additional 1,538 shares during the period. Finally, Investors Research Corp purchased a new stake in shares of Endava in the first quarter valued at approximately $217,000. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAVA has been the subject of several research analyst reports. Susquehanna dropped their price objective on Endava from $50.00 to $42.00 and set a "positive" rating for the company in a research note on Tuesday, May 20th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $18.00 price target on shares of Endava in a report on Monday, May 19th. Needham & Company LLC upped their price target 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. Guggenheim reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Endava in a research note on Tuesday, June 10th. Finally, Wall Street Zen upgraded shares of Endava from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $26.63.

Endava Stock Performance

NYSE DAVA traded down $0.40 during trading hours on Tuesday, hitting $13.26. The company had a trading volume of 640,587 shares, compared to its average volume of 573,677. The business has a fifty day simple moving average of $15.84 and a 200-day simple moving average of $22.01. The firm has a market cap of $782.74 million, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.21. Endava PLC Sponsored ADR has a fifty-two week low of $13.27 and a fifty-two week high of $34.94.

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.