Alberta Investment Management Corp Has $8.65 Million Stock Position in Endava PLC Sponsored ADR $DAVA

Alberta Investment Management Corp decreased its stake in Endava PLC Sponsored ADR (NYSE:DAVA) by 26.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950,000 shares of the company’s stock after selling 338,334 shares during the quarter. Alberta Investment Management Corp owned approximately 1.69% of Endava worth $8,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DAVA. EverSource Wealth Advisors LLC increased its position in shares of Endava by 733.6% during the 2nd 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 bought a new stake in Endava during the second quarter worth about $160,000. Jane Street Group LLC increased its holdings in shares of Endava by 16.1% during the first 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 in the last quarter. Benjamin Edwards Inc. bought a new position in shares of Endava in the second quarter valued at approximately $198,000. Finally, Geode Capital Management LLC acquired a new position in shares of Endava in the 2nd quarter worth approximately $205,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Stock Performance

Shares of NYSE:DAVA opened at $5.26 on Thursday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. Endava PLC Sponsored ADR has a 1-year low of $4.84 and a 1-year high of $33.29. The stock has a market capitalization of $295.38 million, a P/E ratio of 26.28 and a beta of 1.26. The business has a 50-day moving average price of $6.33 and a two-hundred day moving average price of $8.42.

Wall Street Analysts Forecast Growth

DAVA has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective 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 upgraded Endava from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Morgan Stanley reduced their price target 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 lowered their price objective on shares of Endava from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Endava from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Endava has an average rating of “Hold” and an average target price of $16.14.

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.