Robeco Institutional Asset Management B.V. Purchases 25,000 Shares of Endava plc (NYSE:DAVA)

Robeco Institutional Asset Management B.V. raised its stake in Endava plc (NYSE:DAVA - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 204,300 shares of the company's stock after acquiring an additional 25,000 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.35% of Endava worth $6,313,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Mawer Investment Management Ltd. increased its position in Endava by 613.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company's stock valued at $30,610,000 after acquiring an additional 1,030,403 shares during the last quarter. SG Americas Securities LLC grew its stake in Endava by 1,299.1% in the fourth quarter. SG Americas Securities LLC now owns 430,366 shares of the company's stock valued at $13,298,000 after purchasing an additional 399,605 shares during the last quarter. Fourth Sail Capital LP grew its stake in Endava by 36.2% during the 3rd 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 during the last quarter. Millennium Management LLC increased its stake in Endava by 64.5% during the 2nd quarter. Millennium Management LLC now owns 571,021 shares of the company's stock valued at $16,697,000 after purchasing an additional 223,964 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 purchasing an additional 141,250 shares during the period. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DAVA shares. Bank of America initiated coverage on Endava in a research note on Friday, November 22nd. They issued a "neutral" rating and a $29.00 price target for the company. Morgan Stanley boosted their price target on shares of Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Citigroup decreased their price objective on Endava from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, October 28th. Guggenheim reduced their price target on shares of Endava from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Finally, TD Cowen upped their price objective 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $40.01.

Endava Stock Up 0.1 %

Shares of NYSE DAVA traded up $0.03 during mid-day trading on Wednesday, hitting $32.53. The company had a trading volume of 149,182 shares, compared to its average volume of 301,425. The firm has a 50-day simple moving average of $30.90 and a two-hundred day simple moving average of $29.13. The company has a market capitalization of $1.92 billion, a PE ratio of 232.39, a price-to-earnings-growth ratio of 2.29 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. Endava plc has a one year low of $23.28 and a one year high of $72.98.

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.