Charles Schwab Investment Management Inc. Has $723,000 Stake in Endava PLC Sponsored ADR $DAVA

Charles Schwab Investment Management Inc. boosted its holdings in shares of Endava PLC Sponsored ADR (NYSE:DAVA) by 35.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,045 shares of the company’s stock after purchasing an additional 9,756 shares during the period. Charles Schwab Investment Management Inc. owned 0.06% of Endava worth $723,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fourth Sail Capital LP lifted its holdings in Endava by 52.9% during the 1st quarter. Fourth Sail Capital LP now owns 1,406,223 shares of the company’s stock worth $27,435,000 after buying an additional 486,604 shares in the last quarter. Ruffer LLP lifted its holdings in Endava by 414.7% during the 1st quarter. Ruffer LLP now owns 130,317 shares of the company’s stock worth $2,542,000 after buying an additional 105,000 shares in the last quarter. Norden Group LLC lifted its stake in shares of Endava by 56.4% in the 1st quarter. Norden Group LLC now owns 24,714 shares of the company’s stock valued at $482,000 after purchasing an additional 8,916 shares during the period. Royce & Associates LP lifted its stake in shares of Endava by 25.7% in the 1st quarter. Royce & Associates LP now owns 365,516 shares of the company’s stock valued at $7,131,000 after purchasing an additional 74,670 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of Endava by 182.3% in the 1st quarter. M&T Bank Corp now owns 39,499 shares of the company’s stock valued at $770,000 after purchasing an additional 25,506 shares during the period. 62.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DAVA. Guggenheim decreased their price objective on Endava from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, August 28th. Cowen cut Endava from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Susquehanna decreased their price objective on Endava from $50.00 to $42.00 and set a “positive” rating for the company in a research note on Tuesday, May 20th. Needham & Company LLC lifted their price objective on Endava from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Finally, JPMorgan Chase & Co. decreased their price objective on Endava from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.56.

Endava Stock Performance

Shares of Endava stock opened at $14.37 on Wednesday. The firm has a market cap of $847.97 million, a price-to-earnings ratio of 37.80 and a beta of 1.13. The stock’s 50-day moving average is $13.84 and its 200-day moving average is $17.29. Endava PLC Sponsored ADR has a one year low of $11.63 and a one year high of $34.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.18 and a quick ratio of 2.18.

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.