Blue Trust Inc. Has $46,000 Stake in Endava plc (NYSE:DAVA)

Blue Trust Inc. grew its position in Endava plc (NYSE:DAVA) by 28.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,494 shares of the company’s stock after purchasing an additional 331 shares during the period. Blue Trust Inc.’s holdings in Endava were worth $46,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its stake in Endava by 84.1% in the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after acquiring an additional 886 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after purchasing an additional 745 shares during the last quarter. Precision Wealth Strategies LLC raised its holdings in shares of Endava by 6.7% in the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock valued at $219,000 after purchasing an additional 540 shares during the last quarter. Strengthening Families & Communities LLC lifted its position in shares of Endava by 11.4% in the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock worth $233,000 after purchasing an additional 933 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Endava during the second quarter worth $263,000. 62.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on DAVA. Needham & Company LLC lifted their price target on shares of Endava from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Citigroup lowered their target price on Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. TD Cowen increased their price target on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Morgan Stanley boosted their price target on Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Guggenheim cut their price objective on Endava from $45.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Four investment 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 currently has an average rating of “Moderate Buy” and an average target price of $40.01.

Endava Trading Down 0.4 %

DAVA stock opened at $33.57 on Monday. Endava plc has a one year low of $23.28 and a one year high of $72.98. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 239.79, a price-to-earnings-growth ratio of 2.69 and a beta of 1.22. The company has a fifty day moving average price of $31.11 and a two-hundred day moving average price of $29.16. 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 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.