Endava plc (NYSE:DAVA) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Endava plc (NYSE:DAVA) by 1,299.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,366 shares of the company’s stock after buying an additional 399,605 shares during the period. SG Americas Securities LLC owned about 0.73% of Endava worth $13,298,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DAVA. Blue Trust Inc. acquired a new stake in shares of Endava during the 3rd quarter worth about $30,000. Signaturefd LLC increased its stake in Endava by 84.1% in the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after purchasing an additional 886 shares during the last quarter. GAMMA Investing LLC raised its holdings in Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after purchasing an additional 745 shares in the last quarter. Precision Wealth Strategies LLC lifted its position in shares of Endava by 6.7% during the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after buying an additional 540 shares during the last quarter. Finally, Strengthening Families & Communities LLC boosted its holdings in shares of Endava by 11.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock valued at $233,000 after buying an additional 933 shares in the last quarter. 62.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DAVA has been the subject of a number of research reports. Citigroup reduced their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Bank of America began coverage on Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 target price for the company. Needham & Company LLC raised their price target on Endava from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Guggenheim reduced their price objective on Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, TD Cowen raised their target price 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. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.46.

Endava Stock Performance

NYSE:DAVA opened at $31.99 on Friday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 228.49, a price-to-earnings-growth ratio of 2.22 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. Endava plc has a 1-year low of $23.28 and a 1-year high of $78.14. The firm’s fifty day moving average price is $29.97 and its 200 day moving average price is $29.00.

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.