Woodline Partners LP Makes New $10.11 Million Investment in Endava plc (NYSE:DAVA)

Woodline Partners LP purchased a new stake in shares of Endava plc (NYSE:DAVA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 327,060 shares of the company's stock, valued at approximately $10,106,000. Woodline Partners LP owned approximately 0.55% of Endava at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DAVA. Assetmark Inc. increased 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 buying an additional 475 shares during the period. Blue Trust Inc. raised 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 buying an additional 331 shares during the period. Quadrant Capital Group LLC raised 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 buying an additional 786 shares during the period. State of Tennessee Department of Treasury bought a new stake in shares of Endava in the fourth quarter valued at $100,000. Finally, PNC Financial Services Group Inc. grew its position 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 in the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Stock Down 0.6%

NYSE:DAVA traded down $0.09 during mid-day trading on Wednesday, hitting $14.98. 163,035 shares of the company's stock were exchanged, compared to its average volume of 611,974. Endava plc has a one year low of $14.00 and a one year high of $34.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The business has a fifty day moving average price of $18.04 and a 200 day moving average price of $25.24. The company has a market cap of $883.99 million, a PE ratio of 136.14, a P/E/G ratio of 2.26 and a beta of 1.25.

Analyst Ratings Changes

Several brokerages have issued reports on DAVA. Guggenheim dropped their price target on Endava from $40.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Needham & Company LLC dropped their price target on Endava from $22.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, May 15th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $18.00 price target on shares of Endava in a research note on Monday, May 19th. Susquehanna dropped their price target on Endava from $50.00 to $42.00 and set a "positive" rating for the company in a research note on Tuesday, May 20th. Finally, TD Cowen lowered Endava from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a research note on Thursday, May 15th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $26.75.

Endava Company 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.