State of Wyoming Increases Position in Endava PLC Sponsored ADR $DAVA

State of Wyoming lifted its holdings in shares of Endava PLC Sponsored ADR (NYSE:DAVA) by 112.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,367 shares of the company’s stock after acquiring an additional 1,254 shares during the quarter. State of Wyoming’s holdings in Endava were worth $46,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Smartleaf Asset Management LLC increased its position in shares of Endava by 23.5% during the first quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company’s stock worth $72,000 after acquiring an additional 689 shares during the last quarter. Portside Wealth Group LLC increased its position in shares of Endava by 5.7% during the first quarter. Portside Wealth Group LLC now owns 13,145 shares of the company’s stock worth $256,000 after acquiring an additional 711 shares during the last quarter. Strengthening Families & Communities LLC increased its position in shares of Endava by 13.0% during the first quarter. Strengthening Families & Communities LLC now owns 9,997 shares of the company’s stock worth $209,000 after acquiring an additional 1,153 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Endava during the first quarter worth about $25,000. Finally, Precision Wealth Strategies LLC increased its holdings in Endava by 41.0% in the first quarter. Precision Wealth Strategies LLC now owns 12,622 shares of the company’s stock valued at $246,000 after buying an additional 3,668 shares during the last quarter. 62.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Needham & Company LLC lowered their price objective on Endava from $20.00 to $12.00 and set a “buy” rating for the company in a report on Friday, September 5th. Guggenheim lowered their price objective on Endava from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday, September 5th. Susquehanna lowered their price objective on Endava from $50.00 to $42.00 and set a “positive” rating for the company in a report on Tuesday, May 20th. Cowen reissued a “hold” rating on shares of Endava in a report on Friday. Finally, Morgan Stanley lowered their price objective on Endava from $17.00 to $11.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Endava presently has a consensus rating of “Hold” and a consensus target price of $20.78.

Endava Stock Performance

Shares of DAVA stock opened at $9.91 on Wednesday. Endava PLC Sponsored ADR has a 12-month low of $9.73 and a 12-month high of $34.94. The firm has a market capitalization of $585.00 million, a price-to-earnings ratio of 22.02 and a beta of 1.13. The business has a 50 day simple moving average of $13.42 and a 200 day simple moving average of $16.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.32 and a quick ratio of 2.32.

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.