Portside Wealth Group LLC Acquires 9,736 Shares of Endava plc (NYSE:DAVA)

Portside Wealth Group LLC lifted its holdings in Endava plc (NYSE:DAVA) by 75.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,712 shares of the company’s stock after purchasing an additional 9,736 shares during the quarter. Portside Wealth Group LLC’s holdings in Endava were worth $443,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. lifted its position in shares of Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after purchasing an additional 475 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after purchasing an additional 331 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Endava by 114.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after purchasing an additional 786 shares in the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of Endava in the fourth quarter worth $100,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Endava by 60.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company’s stock worth $126,000 after purchasing an additional 1,538 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on DAVA shares. Susquehanna cut their price objective on shares of Endava from $50.00 to $42.00 and set a “positive” rating on the stock in a research report on Tuesday, May 20th. Cowen lowered shares of Endava from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Guggenheim reaffirmed a “buy” rating and set a $25.00 price target on shares of Endava in a research report on Tuesday. Needham & Company LLC upped their price target on shares of Endava from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, TD Cowen lowered shares of Endava from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research report on Thursday, May 15th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.63.

Endava Price Performance

NYSE:DAVA opened at $16.94 on Wednesday. Endava plc has a one year low of $14.00 and a one year high of $34.94. The company has a market cap of $999.69 million, a P/E ratio of 153.95, a P/E/G ratio of 2.26 and a beta of 1.15. The firm’s fifty day moving average price is $17.18 and its two-hundred day moving average price is $24.40. 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.