Janney Montgomery Scott LLC Invests $783,000 in Endava plc (NYSE:DAVA)

Janney Montgomery Scott LLC bought a new position in shares of Endava plc (NYSE:DAVA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 25,352 shares of the company’s stock, valued at approximately $783,000.

A number of other hedge funds have also made changes to their positions in DAVA. Mawer Investment Management Ltd. raised its position in shares of 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 acquiring an additional 1,030,403 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Endava by 1,299.1% during the 4th quarter. SG Americas Securities LLC now owns 430,366 shares of the company’s stock worth $13,298,000 after acquiring an additional 399,605 shares in the last quarter. Fourth Sail Capital LP boosted its stake in shares of Endava by 36.2% during the 3rd quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock worth $23,782,000 after buying an additional 247,418 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Endava by 30.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,898 shares of the company’s stock valued at $15,372,000 after buying an additional 141,250 shares during the last quarter. Finally, Wasatch Advisors LP grew its holdings in Endava by 6.7% during the third quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company’s stock worth $40,319,000 after purchasing an additional 98,875 shares during the period. Institutional investors and hedge funds own 62.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. 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 research note on Friday, January 10th. TD Cowen upped their price objective on shares of Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Citigroup cut their target price on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Guggenheim dropped their price target on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Bank of America assumed coverage on Endava in a report on Friday, November 22nd. They set a “neutral” rating and a $29.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seven have given 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 $40.01.

Endava Trading Up 3.4 %

Shares of DAVA stock opened at $33.68 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 240.59, a PEG ratio of 2.29 and a beta of 1.22. The company has a 50-day simple moving average of $30.90 and a two-hundred day simple moving average of $29.13. Endava plc has a 52-week low of $23.28 and a 52-week high of $72.98.

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.