JPMorgan Chase & Co. Decreases Position in Endava plc (NYSE:DAVA)

JPMorgan Chase & Co. reduced its position in shares of Endava plc (NYSE:DAVA) by 14.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,704 shares of the company’s stock after selling 49,592 shares during the period. JPMorgan Chase & Co. owned 0.51% of Endava worth $7,629,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Mawer Investment Management Ltd. lifted its stake in shares of Endava by 613.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock valued at $30,610,000 after purchasing an additional 1,030,403 shares during the last quarter. Fourth Sail Capital LP lifted its position in Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock valued at $23,782,000 after buying an additional 247,418 shares during the last quarter. Millennium Management LLC boosted its stake in Endava by 64.5% during the second quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock worth $16,697,000 after buying an additional 223,964 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Endava by 30.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 601,898 shares of the company’s stock worth $15,372,000 after buying an additional 141,250 shares during the period. Finally, Wasatch Advisors LP increased its position in shares of Endava by 6.7% during the third quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company’s stock valued at $40,319,000 after acquiring an additional 98,875 shares during the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Endava Trading Down 0.1 %

Shares of DAVA opened at $31.04 on Wednesday. Endava plc has a twelve month low of $23.28 and a twelve month high of $81.06. The firm has a market capitalization of $1.83 billion, a P/E ratio of 221.71, a price-to-earnings-growth ratio of 2.12 and a beta of 1.22. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $29.47 and its 200 day simple moving average is $28.92.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DAVA. TD Cowen lifted their target price on shares of Endava from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Bank of America assumed coverage on Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective on the stock. Needham & Company LLC raised their target price on Endava from $36.00 to $43.00 and gave the company a “buy” rating in a report on Friday, January 10th. Citigroup cut their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Finally, Susquehanna lowered their price objective 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. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Endava presently has a consensus rating of “Moderate Buy” and an average target price of $40.46.

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.