Endava plc (NYSE:DAVA) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Endava plc (NYSE:DAVA) by 1,299.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 430,366 shares of the company’s stock after purchasing an additional 399,605 shares during the period. SG Americas Securities LLC’s holdings in Endava were worth $13,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DAVA. Mawer Investment Management Ltd. boosted its holdings in Endava by 613.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock worth $30,610,000 after buying an additional 1,030,403 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of Endava by 8.7% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock worth $6,279,000 after acquiring an additional 19,669 shares in the last quarter. State Street Corp grew its holdings in shares of Endava by 33.0% in the 3rd quarter. State Street Corp now owns 80,148 shares of the company’s stock worth $2,047,000 after acquiring an additional 19,884 shares during the period. Horrell Capital Management Inc. increased its stake in Endava by 76.5% in the 3rd quarter. Horrell Capital Management Inc. now owns 150,000 shares of the company’s stock valued at $3,831,000 after purchasing an additional 65,000 shares in the last quarter. Finally, Fourth Sail Capital LP raised its holdings in Endava by 36.2% during the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock worth $23,782,000 after purchasing an additional 247,418 shares during the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on DAVA shares. TD Cowen upped their target price on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Citigroup dropped their target price on shares of Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Needham & Company LLC upped their price target on shares of Endava from $36.00 to $43.00 and gave the company a “buy” rating in a report on Friday, January 10th. Guggenheim dropped their price objective on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Bank of America initiated coverage on Endava in a research note on Friday, November 22nd. They issued a “neutral” rating and a $29.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Endava has a consensus rating of “Moderate Buy” and an average price target of $40.46.

Endava Trading Up 1.4 %

Shares of Endava stock opened at $31.99 on Friday. Endava plc has a fifty-two week low of $23.28 and a fifty-two week high of $78.14. The business’s fifty day moving average is $29.97 and its two-hundred day moving average is $29.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.89 billion, a PE ratio of 228.49, a P/E/G ratio of 2.22 and a beta of 1.22.

Endava Company 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.