Endava plc (NYSE:DAVA) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp increased its stake in shares of Endava plc (NYSE:DAVA) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,384,902 shares of the company’s stock after acquiring an additional 118,081 shares during the period. Alberta Investment Management Corp’s holdings in Endava were worth $42,793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DAVA. Blue Trust Inc. lifted its position in shares of Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after buying an additional 331 shares in the last quarter. Precision Wealth Strategies LLC lifted its holdings in Endava by 4.5% in the 4th quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company’s stock valued at $277,000 after purchasing an additional 383 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after purchasing an additional 745 shares in the last quarter. Signaturefd LLC lifted its holdings in Endava by 84.1% in the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after purchasing an additional 886 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its holdings in Endava by 11.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock valued at $233,000 after purchasing an additional 933 shares in the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Needham & Company LLC raised their price objective on Endava from $36.00 to $43.00 and gave the company a “buy” rating in a report on Friday, January 10th. Bank of America assumed coverage on Endava in a report on Friday, November 22nd. They set a “neutral” rating and a $29.00 price target on the stock. TD Cowen lifted their price target on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Guggenheim reduced their price target on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Morgan Stanley lifted their price target on Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Endava currently has an average rating of “Moderate Buy” and an average target price of $40.01.

Endava Stock Performance

NYSE DAVA opened at $32.83 on Wednesday. The company has a market cap of $1.94 billion, a P/E ratio of 234.50, a P/E/G ratio of 2.73 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a 50-day moving average of $31.71 and a two-hundred day moving average of $29.27. Endava plc has a 1-year low of $23.28 and a 1-year high of $68.58.

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.