Alliance Wealth Advisors LLC UT Purchases New Holdings in Endava plc (NYSE:DAVA)

Alliance Wealth Advisors LLC UT acquired a new position in shares of Endava plc (NYSE:DAVA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 7,196 shares of the company’s stock, valued at approximately $222,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in shares of Endava in the 3rd quarter valued at about $30,000. Signaturefd LLC increased its stake 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 buying an additional 886 shares during the period. GAMMA Investing LLC lifted its position in Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after buying an additional 745 shares in the last quarter. Precision Wealth Strategies LLC boosted its stake in shares of Endava by 6.7% during the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock valued at $219,000 after buying an additional 540 shares during the period. Finally, Strengthening Families & Communities LLC grew its holdings in shares of Endava by 11.4% during the 3rd quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock valued at $233,000 after acquiring an additional 933 shares in the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Price Performance

DAVA opened at $32.39 on Wednesday. The company has a fifty day simple moving average of $30.82 and a 200 day simple moving average of $29.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.91 billion, a P/E ratio of 231.34, a P/E/G ratio of 2.29 and a beta of 1.22. Endava plc has a 12 month low of $23.28 and a 12 month high of $72.98.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DAVA. TD Cowen upped their target price on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC raised their price objective on shares of Endava from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Citigroup decreased their target price on shares of Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Guggenheim cut their price target on shares of 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 upped their price objective on shares of 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 issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.01.

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.