Endava plc (NYSE:DAVA) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its position in Endava plc (NYSE:DAVA) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 748,045 shares of the company’s stock after selling 11,111 shares during the period. Ensign Peak Advisors Inc owned about 1.30% of Endava worth $21,873,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DAVA. Capital International Investors boosted its position in Endava by 3.2% during the fourth quarter. Capital International Investors now owns 2,115,202 shares of the company’s stock worth $164,668,000 after purchasing an additional 65,794 shares in the last quarter. CDAM UK Ltd increased its stake in shares of Endava by 1.8% during the fourth quarter. CDAM UK Ltd now owns 1,451,449 shares of the company’s stock worth $112,995,000 after purchasing an additional 25,570 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Endava by 2.0% during the 1st quarter. Wasatch Advisors LP now owns 1,262,478 shares of the company’s stock worth $48,025,000 after purchasing an additional 24,699 shares during the last quarter. Capital World Investors raised its position in shares of Endava by 39.3% during the 4th quarter. Capital World Investors now owns 987,200 shares of the company’s stock worth $76,854,000 after purchasing an additional 278,300 shares during the last quarter. Finally, Fourth Sail Capital LP purchased a new position in shares of Endava in the first quarter valued at approximately $27,622,000. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Trading Down 3.8 %

Shares of DAVA opened at $26.62 on Monday. The company’s 50-day moving average price is $30.58 and its 200 day moving average price is $30.91. Endava plc has a 12-month low of $24.51 and a 12-month high of $81.06. The firm has a market cap of $1.54 billion, a P/E ratio of 29.58 and a beta of 1.22.

Analyst Ratings Changes

DAVA has been the subject of several recent research reports. Needham & Company LLC reduced their price objective on Endava from $42.00 to $33.00 and set a “buy” rating for the company in a research note on Friday. Guggenheim decreased their target price on shares of Endava from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. upped their price target on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Susquehanna reduced their price objective on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Endava currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.31.

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.