39,153 Shares in Endava PLC Sponsored ADR $DAVA Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP has invested approximately $764,000 in Endava PLC by acquiring 39,153 shares in the first quarter.
• Institutional investors now hold 62.23% of Endava's stock, with several firms increasing their positions during the fourth quarter.
• Wall Street analysts have mixed ratings for Endava, with a prevalent outlook of "Hold" and target prices ranging from $12.00 to $20.78.

Trexquant Investment LP acquired a new position in shares of Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 39,153 shares of the company's stock, valued at approximately $764,000. Trexquant Investment LP owned approximately 0.07% of Endava as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DAVA. Ensign Peak Advisors Inc lifted its holdings in Endava by 35.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 1,137,375 shares of the company's stock worth $35,145,000 after buying an additional 297,304 shares in the last quarter. Millennium Management LLC lifted its holdings in Endava by 44.5% during the 4th quarter. Millennium Management LLC now owns 24,550 shares of the company's stock worth $759,000 after buying an additional 7,565 shares in the last quarter. Malaga Cove Capital LLC lifted its holdings in Endava by 19.6% during the 4th quarter. Malaga Cove Capital LLC now owns 43,792 shares of the company's stock worth $1,353,000 after buying an additional 7,175 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in Endava during the 4th quarter worth $5,494,000. Finally, Point72 Asset Management L.P. acquired a new position in Endava during the 4th quarter worth $1,763,000. Institutional investors and hedge funds own 62.23% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Endava in a report on Thursday, July 17th. They set a "hold" rating and a $14.00 price objective on the stock. Needham & Company LLC reduced their price objective on Endava from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, September 5th. JPMorgan Chase & Co. cut their price target on Endava from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. Morgan Stanley cut their price target on Endava from $17.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Friday, September 5th. Finally, Cowen reissued a "hold" rating on shares of Endava in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $20.78.

Endava Trading Down 1.2%

Shares of DAVA stock traded down $0.12 during trading hours on Friday, reaching $9.88. The company had a trading volume of 1,347,583 shares, compared to its average volume of 1,557,591. The company has a 50 day moving average of $13.08 and a 200 day moving average of $16.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market cap of $583.22 million, a price-to-earnings ratio of 21.96 and a beta of 1.13. Endava PLC Sponsored ADR has a 1-year low of $9.34 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.