Endava PLC Sponsored ADR $DAVA Position Lessened by Ruffer LLP

Ruffer LLP trimmed its stake in Endava PLC Sponsored ADR (NYSE:DAVA) by 69.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,000 shares of the company’s stock after selling 145,187 shares during the period. Ruffer LLP owned 0.11% of Endava worth $582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DAVA. Paradice Investment Management LLC raised its stake in Endava by 29.2% during the second quarter. Paradice Investment Management LLC now owns 1,565,860 shares of the company’s stock worth $23,989,000 after acquiring an additional 353,587 shares in the last quarter. Alberta Investment Management Corp boosted its holdings in shares of Endava by 35.6% in the 2nd quarter. Alberta Investment Management Corp now owns 1,288,334 shares of the company’s stock valued at $19,737,000 after buying an additional 338,334 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its holdings in shares of Endava by 107.8% in the second quarter. Prescott Group Capital Management L.L.C. now owns 607,139 shares of the company’s stock valued at $9,301,000 after purchasing an additional 315,000 shares during the last quarter. Invesco Ltd. increased its position in Endava by 6.4% during the second quarter. Invesco Ltd. now owns 3,661,123 shares of the company’s stock worth $56,088,000 after acquiring an additional 220,465 shares during the period. Finally, Ensign Peak Advisors Inc raised its position in shares of Endava by 16.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,271,881 shares of the company’s stock valued at $19,485,000 after buying an additional 175,868 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Endava Price Performance

Shares of DAVA opened at $6.61 on Thursday. Endava PLC Sponsored ADR has a fifty-two week low of $6.02 and a fifty-two week high of $34.94. The stock has a market capitalization of $371.27 million, a PE ratio of 33.03 and a beta of 1.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 2.18. The company has a 50 day moving average price of $6.60 and a 200-day moving average price of $9.29.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DAVA. Wall Street Zen upgraded shares of Endava from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. dropped their price target on Endava from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Zacks Research raised shares of Endava from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. William Blair lowered Endava from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 11th. Finally, Needham & Company LLC reduced their target price on Endava from $12.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.43.

Endava Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.