Endava PLC Sponsored ADR (NYSE:DAVA) Holdings Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Endava PLC Sponsored ADR (NYSE:DAVA) by 1,029.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,144 shares of the company’s stock after purchasing an additional 16,537 shares during the quarter. GAMMA Investing LLC’s holdings in Endava were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DAVA. Oppenheimer Asset Management Inc. purchased a new position in Endava during the 4th quarter worth approximately $215,000. Natixis Advisors LLC boosted its position in shares of Endava by 44.8% in the fourth quarter. Natixis Advisors LLC now owns 45,340 shares of the company’s stock worth $1,401,000 after buying an additional 14,023 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Endava by 35.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,289 shares of the company’s stock valued at $843,000 after buying an additional 7,124 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Endava by 26.1% during the fourth quarter. Sei Investments Co. now owns 118,095 shares of the company’s stock valued at $3,649,000 after buying an additional 24,426 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new position in Endava during the fourth quarter valued at $442,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Price Performance

NYSE DAVA opened at $13.97 on Friday. The company has a 50 day moving average price of $16.74 and a two-hundred day moving average price of $23.70. Endava PLC Sponsored ADR has a 12-month low of $13.92 and a 12-month high of $34.94. The stock has a market capitalization of $824.71 million, a PE ratio of 36.77, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.21.

Analyst Upgrades and Downgrades

DAVA has been the subject of a number of research reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $18.00 price objective on shares of Endava in a research report on Monday, May 19th. TD Cowen lowered shares of Endava from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research report on Thursday, May 15th. Cowen cut shares of Endava from a “buy” rating to a “hold” rating in a report on Wednesday, May 14th. Guggenheim reiterated a “buy” rating and issued a $25.00 target price on shares of Endava in a research report on Tuesday, June 10th. Finally, Needham & Company LLC increased their target price on shares of Endava from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Endava has a consensus rating of “Hold” and a consensus target price of $26.63.

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.