272 Capital LP Acquires 34,628 Shares of Endava plc (NYSE:DAVA)

272 Capital LP lifted its holdings in shares of Endava plc (NYSE:DAVA) by 157.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,628 shares of the company’s stock after purchasing an additional 34,628 shares during the quarter. 272 Capital LP owned 0.10% of Endava worth $1,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assetmark Inc. increased its stake in Endava by 47.8% during the 4th quarter. Assetmark Inc. now owns 510 shares of the company’s stock worth $40,000 after acquiring an additional 165 shares during the period. Headlands Technologies LLC bought a new position in shares of Endava in the first quarter worth $49,000. Wallace Advisory Group LLC acquired a new position in Endava in the first quarter valued at about $126,000. Equitable Trust Co. raised its stake in Endava by 21.3% in the first quarter. Equitable Trust Co. now owns 5,566 shares of the company’s stock valued at $212,000 after purchasing an additional 979 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in Endava during the second quarter worth about $216,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Needham & Company LLC decreased their target price on shares of Endava from $42.00 to $33.00 and set a “buy” rating on the stock in a report on Friday. Guggenheim decreased their price objective 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 target price on Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Susquehanna decreased their price target on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.31.

Endava Stock Down 0.4 %

Shares of DAVA stock opened at $26.51 on Tuesday. The firm has a market capitalization of $1.53 billion, a P/E ratio of 29.46 and a beta of 1.22. Endava plc has a twelve month low of $24.51 and a twelve month high of $81.06. The stock’s fifty day simple moving average is $30.47 and its 200 day simple moving average is $30.84.

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.