T. Rowe Price Investment Management Inc. Acquires 2,101 Shares of Endava PLC Sponsored ADR $DAVA

T. Rowe Price Investment Management Inc. lifted its position in shares of Endava PLC Sponsored ADR (NYSE:DAVA) by 0.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,551,418 shares of the company’s stock after acquiring an additional 2,101 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Endava were worth $49,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DAVA. Quantbot Technologies LP acquired a new position in Endava during the 1st quarter worth approximately $25,000. State of Tennessee Department of Treasury acquired a new position in Endava during the 4th quarter worth approximately $100,000. Commerce Bank acquired a new position in Endava during the 4th quarter worth approximately $292,000. Strengthening Families & Communities LLC increased its position in Endava by 13.0% during the 1st quarter. Strengthening Families & Communities LLC now owns 9,997 shares of the company’s stock worth $209,000 after purchasing an additional 1,153 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in Endava during the 1st quarter worth approximately $203,000. Institutional investors own 62.23% of the company’s stock.

Endava Stock Up 5.3%

Endava stock opened at $13.6830 on Friday. Endava PLC Sponsored ADR has a fifty-two week low of $11.63 and a fifty-two week high of $34.94. The stock has a market cap of $807.71 million, a PE ratio of 36.01 and a beta of 1.12. The firm’s 50-day simple moving average is $13.88 and its 200 day simple moving average is $18.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.18 and a current ratio of 2.18.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DAVA shares. Needham & Company LLC upped their price objective on shares of Endava from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Cowen lowered Endava from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Susquehanna cut their price target on Endava from $50.00 to $42.00 and set a “positive” rating on the stock in a research note on Tuesday, May 20th. Guggenheim restated a “buy” rating and issued a $25.00 price target on shares of Endava in a research report on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Endava in a research note on Thursday, July 17th. They issued a “hold” rating and a $14.00 price target for the company. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.11.

About Endava

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.