Sompo Asset Management Co. Ltd. Has $447,000 Position in Endava plc (NYSE:DAVA)

Sompo Asset Management Co. Ltd. grew its holdings in shares of Endava plc (NYSE:DAVA) by 27.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,280 shares of the company’s stock after buying an additional 3,320 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Endava were worth $447,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DAVA. Assetmark Inc. increased its holdings in Endava by 47.8% during the fourth quarter. Assetmark Inc. now owns 510 shares of the company’s stock worth $40,000 after buying an additional 165 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Endava during the 1st quarter worth about $49,000. Wallace Advisory Group LLC bought a new stake in shares of Endava in the 1st quarter valued at about $126,000. Equitable Trust Co. lifted its stake in Endava by 21.3% in the 1st quarter. Equitable Trust Co. now owns 5,566 shares of the company’s stock valued at $212,000 after purchasing an additional 979 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in Endava during the second quarter worth about $216,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on DAVA. Susquehanna cut their price objective on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a research report on Friday. Needham & Company LLC reduced their price objective on shares of Endava from $42.00 to $33.00 and set a “buy” rating for the company in a research report on Friday. Guggenheim dropped their price objective on shares of Endava from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.31.

Endava Stock Performance

DAVA stock opened at $26.62 on Friday. The company’s 50-day simple moving average is $30.58 and its 200 day simple moving average is $30.95. Endava plc has a 52 week low of $24.51 and a 52 week high of $81.06. The company has a market capitalization of $1.54 billion, a PE ratio of 29.58 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.