State Street Corp Buys 19,884 Shares of Endava plc (NYSE:DAVA)

State Street Corp boosted its stake in shares of Endava plc (NYSE:DAVA) by 33.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,148 shares of the company’s stock after purchasing an additional 19,884 shares during the quarter. State Street Corp owned about 0.14% of Endava worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Precision Wealth Strategies LLC increased its position in shares of Endava by 6.7% during the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after purchasing an additional 540 shares in the last quarter. Signaturefd LLC increased its position in Endava by 84.1% during the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after buying an additional 886 shares in the last quarter. Strengthening Families & Communities LLC raised its stake in Endava by 11.4% in the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock valued at $233,000 after buying an additional 933 shares during the last quarter. Blue Trust Inc. acquired a new stake in Endava in the third quarter worth about $30,000. Finally, HighTower Advisors LLC boosted its holdings in Endava by 11.7% in the third quarter. HighTower Advisors LLC now owns 15,143 shares of the company’s stock worth $390,000 after acquiring an additional 1,592 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DAVA shares. Bank of America assumed coverage on shares of Endava in a research report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Guggenheim cut their target price on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Susquehanna reduced their target price on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a research note on Friday, September 20th. Finally, TD Cowen boosted their price target on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.83.

Endava Trading Down 0.4 %

Shares of DAVA stock opened at $30.90 on Thursday. Endava plc has a 1-year low of $23.28 and a 1-year high of $81.06. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 220.71, a PEG ratio of 2.16 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a 50 day simple moving average of $28.23 and a 200-day simple moving average of $28.65.

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.