Endava PLC Sponsored ADR $DAVA Shares Sold by Ruffer LLP

Ruffer LLP cut its holdings in shares of Endava PLC Sponsored ADR (NYSE:DAVA) by 69.4% during the third quarter, HoldingsChannel.com reports. The fund owned 64,000 shares of the company’s stock after selling 145,187 shares during the period. Ruffer LLP’s holdings in Endava were worth $582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Endava by 81.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock worth $26,000 after acquiring an additional 753 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Endava by 733.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after purchasing an additional 1,680 shares in the last quarter. Vident Advisory LLC acquired a new position in shares of Endava during the 2nd quarter worth about $160,000. Jane Street Group LLC lifted its position in shares of Endava by 16.1% during the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock worth $208,000 after buying an additional 1,482 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in Endava in the second quarter valued at $198,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Endava Price Performance

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Endava from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Morgan Stanley decreased their target price on shares of Endava from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Guggenheim reduced their price objective on Endava from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Needham & Company LLC dropped their price target on shares of Endava from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Finally, Zacks Research raised Endava from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.43.

Endava Company 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.