Two Sigma Investments LP Grows Position in Endava plc (NYSE:DAVA)

Two Sigma Investments LP grew its position in Endava plc (NYSE:DAVA - Free Report) by 165.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,089 shares of the company's stock after acquiring an additional 36,789 shares during the period. Two Sigma Investments LP owned about 0.10% of Endava worth $1,826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. lifted its stake in shares of Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after purchasing an additional 475 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Endava by 114.2% in the fourth 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 period. Blue Trust Inc. lifted its stake in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after purchasing an additional 331 shares during the period. State of Tennessee Department of Treasury acquired a new stake in shares of Endava in the fourth quarter valued at about $100,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Endava by 60.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock valued at $126,000 after purchasing an additional 1,538 shares during the period. Hedge funds and other institutional investors own 62.23% of the company's stock.

Analyst Ratings Changes

DAVA has been the subject of a number of research reports. Needham & Company LLC cut their target price on shares of Endava from $22.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Susquehanna cut their target price on shares of Endava from $50.00 to $42.00 and set a "positive" rating for the company in a research report on Tuesday, May 20th. Guggenheim cut their target price on shares of Endava from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. 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. Finally, Cowen cut shares of Endava from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $26.75.

Endava Trading Up 5.2%

Endava stock traded up $0.81 during trading on Wednesday, reaching $16.25. The company had a trading volume of 1,015,074 shares, compared to its average volume of 540,878. Endava plc has a 12-month low of $14.00 and a 12-month high of $34.94. The stock's 50 day moving average price is $17.46 and its two-hundred day moving average price is $24.78. The firm has a market capitalization of $959.25 million, a price-to-earnings ratio of 147.73, a PEG ratio of 2.26 and a beta of 1.25. 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 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.