Malaga Cove Capital LLC Has $1.02 Million Stock Holdings in Endava plc (NYSE:DAVA)

Malaga Cove Capital LLC lifted its position in Endava plc (NYSE:DAVA) by 11.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,759 shares of the company’s stock after buying an additional 3,460 shares during the quarter. Malaga Cove Capital LLC’s holdings in Endava were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DAVA. Assetmark Inc. raised its holdings in Endava by 47.8% in the 4th quarter. Assetmark Inc. now owns 510 shares of the company’s stock worth $40,000 after acquiring an additional 165 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Endava by 34.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,424 shares of the company’s stock worth $111,000 after purchasing an additional 368 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Endava by 5.6% during the 1st quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock worth $353,000 after purchasing an additional 495 shares during the last quarter. Capital International Sarl boosted its stake in Endava by 4.3% during the 4th quarter. Capital International Sarl now owns 16,996 shares of the company’s stock valued at $1,323,000 after purchasing an additional 708 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Endava by 18.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock valued at $414,000 after buying an additional 833 shares during the last quarter. 62.23% of the stock is owned by institutional investors.

Endava Stock Down 0.4 %

NYSE DAVA opened at $30.31 on Tuesday. Endava plc has a twelve month low of $24.51 and a twelve month high of $81.06. The stock has a market cap of $1.75 billion, a P/E ratio of 33.68 and a beta of 1.22. The company’s 50-day simple moving average is $30.41 and its 200 day simple moving average is $32.38.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DAVA. JPMorgan Chase & Co. upped their price target on Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday. Needham & Company LLC cut their target price on shares of Endava from $50.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Guggenheim decreased their price target on shares of Endava from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Wedbush dropped their price objective on shares of Endava from $65.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, May 23rd. Finally, Redburn Atlantic assumed coverage on shares of Endava in a research note on Friday, May 24th. They issued a “neutral” rating and a $33.10 target price for the company. Three 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, Endava currently has an average rating of “Moderate Buy” and an average target price of $47.01.

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.