Public Employees Retirement System of Ohio Purchases New Stake in Endava plc (NYSE:DAVA)

Public Employees Retirement System of Ohio acquired a new stake in Endava plc (NYSE:DAVA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 37,126 shares of the company's stock, valued at approximately $1,147,000. Public Employees Retirement System of Ohio owned 0.06% of Endava at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DAVA. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Endava by 22.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,533,111 shares of the company's stock valued at $140,073,000 after acquiring an additional 842,433 shares during the period. Alyeska Investment Group L.P. increased its position in Endava by 80.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,806,044 shares of the company's stock worth $55,807,000 after purchasing an additional 805,903 shares during the period. JPMorgan Chase & Co. increased its position in Endava by 187.5% in the fourth quarter. JPMorgan Chase & Co. now owns 858,894 shares of the company's stock worth $26,540,000 after purchasing an additional 560,190 shares during the period. Raymond James Financial Inc. acquired a new stake in Endava in the fourth quarter worth about $14,698,000. Finally, Woodline Partners LP acquired a new stake in Endava in the fourth quarter worth about $10,106,000. 62.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Cowen lowered Endava from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Guggenheim decreased their target price on Endava from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Susquehanna decreased their target price on Endava from $50.00 to $42.00 and set a "positive" rating for the company in a research report on Tuesday, May 20th. TD Cowen lowered Endava from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a research report on Thursday, May 15th. Finally, Needham & Company LLC decreased their target price on Endava from $22.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $26.75.

Endava Stock Down 3.4%

NYSE DAVA traded down $0.55 during trading on Thursday, hitting $15.73. The stock had a trading volume of 763,073 shares, compared to its average volume of 541,068. The company has a market capitalization of $928.50 million, a PE ratio of 142.99, a P/E/G ratio of 2.26 and a beta of 1.25. The company's 50-day moving average price is $17.39 and its two-hundred day moving average price is $24.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. Endava plc has a 12 month low of $14.00 and a 12 month 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.