Alliance Wealth Advisors LLC UT Acquires 7,189 Shares of Endava PLC Sponsored ADR (NYSE:DAVA)

Alliance Wealth Advisors LLC UT raised its holdings in shares of Endava PLC Sponsored ADR (NYSE:DAVA) by 99.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,385 shares of the company’s stock after purchasing an additional 7,189 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Endava were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of DAVA. Legal & General Group Plc lifted its position in Endava by 3.7% during the fourth quarter. Legal & General Group Plc now owns 139,576 shares of the company’s stock valued at $4,321,000 after purchasing an additional 5,042 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Endava in the fourth quarter valued at $14,698,000. Barclays PLC raised its stake in shares of Endava by 22,933.3% in the fourth quarter. Barclays PLC now owns 17,275 shares of the company’s stock valued at $533,000 after acquiring an additional 17,200 shares during the period. Jump Financial LLC purchased a new stake in shares of Endava in the fourth quarter valued at $374,000. Finally, Marshall Wace LLP raised its stake in shares of Endava by 182.7% in the fourth quarter. Marshall Wace LLP now owns 68,139 shares of the company’s stock valued at $2,105,000 after acquiring an additional 44,039 shares during the period. Institutional investors own 62.23% of the company’s stock.

Wall Street Analyst Weigh In

DAVA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Endava in a research note on Thursday, July 17th. They issued a “hold” rating and a $14.00 target price on the stock. Cowen downgraded shares of Endava from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Wall Street Zen downgraded shares of Endava from a “buy” rating to a “hold” rating in a research note on Saturday. TD Cowen downgraded shares of Endava from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a research note on Thursday, May 15th. Finally, Susquehanna reduced their target price on shares of Endava from $50.00 to $42.00 and set a “positive” rating on the stock in a research note on Tuesday, May 20th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.22.

Endava Trading Down 6.0%

DAVA stock opened at $12.60 on Friday. The company has a market capitalization of $743.78 million, a PE ratio of 33.16 and a beta of 1.12. Endava PLC Sponsored ADR has a 12 month low of $11.63 and a 12 month high of $34.94. The firm’s 50-day moving average is $14.23 and its 200 day moving average is $18.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.18 and a quick ratio of 2.18.

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.