32,194 Shares in Endava plc (NYSE:DAVA) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new position in shares of Endava plc (NYSE:DAVA) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 32,194 shares of the company’s stock, valued at approximately $941,000. XTX Topco Ltd owned 0.06% of Endava as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DAVA. Assetmark Inc. grew its holdings in Endava by 47.8% during the 4th quarter. Assetmark Inc. now owns 510 shares of the company’s stock valued at $40,000 after purchasing an additional 165 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Endava by 5.6% during the first quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock valued at $353,000 after buying an additional 495 shares during the last quarter. Capital International Sarl grew its stake in shares of Endava by 4.3% during the fourth quarter. Capital International Sarl now owns 16,996 shares of the company’s stock valued at $1,323,000 after buying an additional 708 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Endava by 18.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock worth $414,000 after buying an additional 833 shares during the period. Finally, Equitable Trust Co. lifted its stake in shares of Endava by 21.3% during the 1st quarter. Equitable Trust Co. now owns 5,566 shares of the company’s stock worth $212,000 after acquiring an additional 979 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Stock Down 3.8 %

Endava stock opened at $26.62 on Friday. The firm has a market cap of $1.54 billion, a P/E ratio of 29.58 and a beta of 1.22. The business has a fifty day moving average of $30.58 and a two-hundred day moving average of $30.95. Endava plc has a twelve month low of $24.51 and a twelve month high of $81.06.

Analysts Set New Price Targets

A number of analysts have weighed in on DAVA shares. Needham & Company LLC reduced their target price on Endava from $42.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday. Guggenheim lowered their price objective on shares of Endava from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. raised their target price on shares of Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Susquehanna lowered their price target on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday. Three 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.com, Endava presently has an average rating of “Moderate Buy” and an average 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.