Janney Montgomery Scott LLC Acquires New Holdings in Endava plc (NYSE:DAVA)

Janney Montgomery Scott LLC bought a new stake in shares of Endava plc (NYSE:DAVA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 25,352 shares of the company's stock, valued at approximately $783,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wasatch Advisors LP lifted its stake in shares of Endava by 6.7% in the third quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company's stock worth $40,319,000 after acquiring an additional 98,875 shares in the last quarter. Mawer Investment Management Ltd. raised its position 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 in the last quarter. FMR LLC boosted its stake in shares of Endava by 1.4% during the 3rd quarter. FMR LLC now owns 952,515 shares of the company's stock valued at $24,327,000 after buying an additional 13,106 shares during the last quarter. Fourth Sail Capital LP grew its position in shares of Endava by 36.2% during the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company's stock worth $23,782,000 after buying an additional 247,418 shares in the last quarter. Finally, DF Dent & Co. Inc. grew its position in shares of Endava by 2.5% during the third quarter. DF Dent & Co. Inc. now owns 777,108 shares of the company's stock worth $19,847,000 after buying an additional 18,882 shares in the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Stock Performance

NYSE DAVA traded down $0.31 during trading hours on Monday, hitting $33.18. The company had a trading volume of 322,749 shares, compared to its average volume of 309,167. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.96 billion, a P/E ratio of 236.98, a price-to-earnings-growth ratio of 2.69 and a beta of 1.22. Endava plc has a fifty-two week low of $23.28 and a fifty-two week high of $72.98. The business has a fifty day simple moving average of $31.11 and a 200-day simple moving average of $29.16.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America began coverage on shares of Endava in a research note on Friday, November 22nd. They set a "neutral" rating and a $29.00 price objective on the stock. Guggenheim decreased their price target on Endava from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Morgan Stanley boosted their price objective on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Citigroup reduced their target price on Endava from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, October 28th. Finally, TD Cowen boosted their price target on Endava from $35.00 to $36.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.01.

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.