Next Century Growth Investors LLC Makes New $1.93 Million Investment in Endava PLC Sponsored ADR $DAVA

Key Points

• Next Century Growth Investors LLC has made a new investment in Endava PLC, acquiring 98,852 shares valued at approximately $1.93 million during the first quarter.
• Endava's recent analysts' reports show mixed ratings, with Guggenheim maintaining a "buy" rating at a $25 price target, while others like TD Cowen have downgraded the stock to "hold" with a $17 target.
• As of now, approximately 62.23% of Endava's stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.

Next Century Growth Investors LLC bought a new stake in Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 98,852 shares of the company's stock, valued at approximately $1,929,000. Next Century Growth Investors LLC owned 0.17% of Endava as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DAVA. Smartleaf Asset Management LLC raised its holdings in Endava by 23.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company's stock valued at $72,000 after buying an additional 689 shares during the last quarter. Portside Wealth Group LLC raised its holdings in Endava by 5.7% in the 1st quarter. Portside Wealth Group LLC now owns 13,145 shares of the company's stock valued at $256,000 after buying an additional 711 shares during the last quarter. Strengthening Families & Communities LLC raised its position in shares of Endava by 13.0% during the first quarter. Strengthening Families & Communities LLC now owns 9,997 shares of the company's stock worth $209,000 after acquiring an additional 1,153 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Endava during the first quarter worth about $25,000. Finally, State of Tennessee Department of Treasury acquired a new stake in Endava during the 4th quarter valued at approximately $100,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on DAVA. Guggenheim restated a "buy" rating and set a $25.00 price target on shares of Endava in a report on Tuesday, June 10th. TD Cowen downgraded Endava from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft began coverage on Endava in a report on Thursday, July 17th. They set a "hold" rating and a $14.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Endava from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Finally, Susquehanna decreased their price target on Endava from $50.00 to $42.00 and set a "positive" rating for the company in a report on Tuesday, May 20th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Endava has an average rating of "Hold" and an average target price of $25.11.

Endava Stock Up 5.8%

Shares of NYSE:DAVA opened at $14.42 on Thursday. The company has a market capitalization of $850.92 million, a PE ratio of 37.93 and a beta of 1.12. 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 business has a fifty day moving average price of $13.82 and a two-hundred day moving average price of $17.93. Endava PLC Sponsored ADR has a 1 year low of $11.63 and a 1 year high of $34.94.

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.

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