Endava PLC Sponsored ADR $DAVA Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp boosted its position in shares of Endava PLC Sponsored ADR (NYSE:DAVA) by 35.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,288,334 shares of the company’s stock after purchasing an additional 338,334 shares during the period. Alberta Investment Management Corp owned approximately 2.18% of Endava worth $19,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in shares of Endava in the 1st quarter valued at about $25,000. GAMMA Investing LLC increased its stake in Endava by 81.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock valued at $26,000 after purchasing an additional 753 shares in the last quarter. State of Wyoming lifted its stake in Endava by 112.7% in the 1st quarter. State of Wyoming now owns 2,367 shares of the company’s stock valued at $46,000 after buying an additional 1,254 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake 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 valued at $72,000 after buying an additional 689 shares during the period. Finally, Investors Research Corp increased its position in Endava by 7.4% during the second quarter. Investors Research Corp now owns 11,950 shares of the company’s stock worth $183,000 after purchasing an additional 825 shares during the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DAVA has been the subject of several recent research reports. William Blair downgraded shares of Endava from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 11th. Guggenheim decreased their price target on shares of Endava from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday. Zacks Research upgraded shares of Endava from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. JPMorgan Chase & Co. cut their price objective on Endava from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Cowen reaffirmed a “hold” rating on shares of Endava in a research report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Endava presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Endava Trading Down 5.3%

NYSE:DAVA opened at $6.54 on Friday. Endava PLC Sponsored ADR has a 1-year low of $6.52 and a 1-year high of $34.94. The firm has a market capitalization of $367.78 million, a price-to-earnings ratio of 32.72 and a beta of 1.18. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $8.96 and its two-hundred day moving average price is $12.78.

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.