Robeco Institutional Asset Management B.V. Buys 25,000 Shares of Endava PLC Sponsored ADR (NYSE:DAVA)

Robeco Institutional Asset Management B.V. grew its stake in shares of Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,300 shares of the company's stock after buying an additional 25,000 shares during the period. Robeco Institutional Asset Management B.V. owned 0.39% of Endava worth $4,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Precision Wealth Strategies LLC grew its stake in Endava by 41.0% during the first quarter. Precision Wealth Strategies LLC now owns 12,622 shares of the company's stock valued at $246,000 after acquiring an additional 3,668 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Endava by 85.9% during the first quarter. Janney Montgomery Scott LLC now owns 47,125 shares of the company's stock valued at $919,000 after purchasing an additional 21,773 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of Endava by 63.4% in the first quarter. Azzad Asset Management Inc. ADV now owns 61,028 shares of the company's stock worth $1,191,000 after buying an additional 23,674 shares in the last quarter. Portside Wealth Group LLC lifted its position in shares of Endava by 75.0% in the first quarter. Portside Wealth Group LLC now owns 22,712 shares of the company's stock worth $443,000 after buying an additional 9,736 shares in the last quarter. Finally, Investors Research Corp bought a new position in Endava during the first quarter valued at approximately $217,000. Institutional investors own 62.23% of the company's stock.

Endava Trading Up 0.3%

Shares of Endava stock traded up $0.05 during trading on Friday, hitting $15.49. The stock had a trading volume of 684,994 shares, compared to its average volume of 563,036. Endava PLC Sponsored ADR has a 12 month low of $13.39 and a 12 month high of $34.94. 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 firm's fifty day simple moving average is $16.23 and its 200-day simple moving average is $22.68. The stock has a market cap of $914.37 million, a PE ratio of 40.76, a PEG ratio of 1.45 and a beta of 1.14.

Analyst Upgrades and Downgrades

DAVA has been the topic of a number of research reports. Susquehanna reduced their price objective on Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a research note on Tuesday, May 20th. Cowen downgraded shares of Endava from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Guggenheim reissued a "buy" rating and issued a $25.00 price objective on shares of Endava in a research note on Tuesday, June 10th. Wall Street Zen upgraded shares of Endava from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $18.00 target price on shares of Endava in a research report on Monday, May 19th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $26.63.

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.