Two Sigma Investments LP Has $1.83 Million Stock Holdings in Endava plc (NYSE:DAVA)

Two Sigma Investments LP boosted its position in shares of Endava plc (NYSE:DAVA) by 165.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,089 shares of the company’s stock after purchasing an additional 36,789 shares during the quarter. Two Sigma Investments LP owned 0.10% of Endava worth $1,826,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in 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 in the last quarter. Assetmark Inc. increased its position in shares of Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after acquiring an additional 475 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after acquiring an additional 786 shares during the period. Jones Financial Companies Lllp lifted its position in Endava by 20.2% in the 4th quarter. Jones Financial Companies Lllp now owns 8,284 shares of the company’s stock valued at $256,000 after acquiring an additional 1,392 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. lifted its position in Endava by 10.1% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 15,680 shares of the company’s stock valued at $485,000 after acquiring an additional 1,440 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Endava Price Performance

NYSE:DAVA opened at $15.04 on Tuesday. The company has a market cap of $888.00 million, a P/E ratio of 136.75, a P/E/G ratio of 2.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. Endava plc has a one year low of $14.00 and a one year high of $34.94. The firm’s fifty day moving average price is $17.57 and its two-hundred day moving average price is $24.85.

Wall Street Analyst Weigh In

Several research firms have issued reports on DAVA. Cowen downgraded Endava from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.00 price objective on shares of Endava in a report on Monday, May 19th. Susquehanna cut their target price on Endava from $50.00 to $42.00 and set a “positive” rating on the stock in a research note on Tuesday, May 20th. Needham & Company LLC decreased their price target on shares of Endava from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, May 15th. Finally, Guggenheim lowered their price objective on shares of Endava from $40.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.75.

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.