Millennium Management LLC Boosts Stock Holdings in Endava plc (NYSE:DAVA)

Millennium Management LLC grew its position in Endava plc (NYSE:DAVA) by 64.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 571,021 shares of the company’s stock after purchasing an additional 223,964 shares during the period. Millennium Management LLC owned about 0.99% of Endava worth $16,697,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital World Investors increased its stake in Endava by 39.3% in the 4th quarter. Capital World Investors now owns 987,200 shares of the company’s stock valued at $76,854,000 after buying an additional 278,300 shares during the last quarter. Ranger Investment Management L.P. increased its position in shares of Endava by 0.5% during the fourth quarter. Ranger Investment Management L.P. now owns 262,330 shares of the company’s stock valued at $20,422,000 after acquiring an additional 1,413 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in Endava during the fourth quarter worth $1,837,000. PNC Financial Services Group Inc. boosted its position in 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 purchasing an additional 833 shares during the last quarter. Finally, Wallace Advisory Group LLC bought a new position in Endava in the 1st quarter valued at $126,000. 62.23% of the stock is owned by institutional investors.

Endava Stock Performance

NYSE DAVA opened at $25.37 on Friday. The firm has a market cap of $1.47 billion, a P/E ratio of 28.19 and a beta of 1.21. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $29.50 and its 200-day moving average is $30.15. Endava plc has a 12-month low of $24.51 and a 12-month high of $81.06.

Analysts Set New Price Targets

DAVA has been the topic of a number of recent analyst reports. Needham & Company LLC lowered 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, September 20th. 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 report on Friday, September 6th. Guggenheim dropped their target price 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. Finally, Susquehanna decreased their price target on shares of Endava from $66.00 to $55.00 and set a “positive” rating for the company in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.