Geode Capital Management LLC Decreases Holdings in Endava plc (NYSE:DAVA)

Geode Capital Management LLC lessened its stake in shares of Endava plc (NYSE:DAVA) by 20.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,524 shares of the company’s stock after selling 2,451 shares during the period. Geode Capital Management LLC’s holdings in Endava were worth $243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DF Dent & Co. Inc. increased its holdings in Endava by 2.5% during the 3rd quarter. DF Dent & Co. Inc. now owns 777,108 shares of the company’s stock worth $19,847,000 after acquiring an additional 18,882 shares during the period. State Street Corp increased 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 buying an additional 19,884 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Endava by 11.7% in the 3rd quarter. HighTower Advisors LLC now owns 15,143 shares of the company’s stock worth $390,000 after buying an additional 1,592 shares during the last quarter. Circumference Group LLC increased its holdings in shares of Endava by 76.5% in the 3rd quarter. Circumference Group LLC now owns 150,000 shares of the company’s stock worth $3,831,000 after buying an additional 65,000 shares during the last quarter. Finally, Wasatch Advisors LP increased its holdings in shares of Endava by 6.7% in the 3rd quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company’s stock worth $40,319,000 after buying an additional 98,875 shares during the last quarter. Institutional investors own 62.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DAVA shares. TD Cowen upped their price objective on shares of Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Guggenheim dropped their price target on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Citigroup dropped their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Susquehanna dropped their price target on shares of Endava from $66.00 to $55.00 and set a “positive” rating for the company in a research report on Friday, September 20th. Finally, Bank of America started coverage on shares of Endava in a research report on Friday, November 22nd. They set a “neutral” rating and a $29.00 price target for the company. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.46.

Endava Price Performance

Shares of NYSE:DAVA opened at $31.09 on Tuesday. Endava plc has a 1-year low of $23.28 and a 1-year high of $81.06. The firm’s 50 day simple moving average is $29.32 and its two-hundred day simple moving average is $28.91. 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 company has a market capitalization of $1.84 billion, a P/E ratio of 222.07, a P/E/G ratio of 2.12 and a beta of 1.22.

Endava 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.