Sompo Asset Management Co. Ltd. Purchases 3,320 Shares of Endava plc (NYSE:DAVA)

Sompo Asset Management Co. Ltd. boosted its position in Endava plc (NYSE:DAVA) by 27.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,280 shares of the company’s stock after acquiring an additional 3,320 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Endava were worth $447,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its stake in Endava by 47.8% in the fourth quarter. Assetmark Inc. now owns 510 shares of the company’s stock valued at $40,000 after acquiring an additional 165 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Endava in the first quarter valued at approximately $49,000. Wallace Advisory Group LLC acquired a new stake in Endava in the first quarter valued at approximately $126,000. Brown Advisory Inc. acquired a new stake in Endava in the fourth quarter valued at approximately $274,000. Finally, PNC Financial Services Group Inc. boosted its position in Endava by 18.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock valued at $414,000 after buying an additional 833 shares in the last quarter. 62.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Guggenheim cut their target price on shares of Endava from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Needham & Company LLC cut their target price on shares of Endava from $42.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday. JPMorgan Chase & Co. raised their target price on shares of Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Susquehanna cut their target price on shares of Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.31.

Endava Stock Performance

Shares of NYSE:DAVA opened at $26.62 on Friday. The firm has a market cap of $1.54 billion, a PE ratio of 29.58 and a beta of 1.22. The firm’s fifty day moving average is $30.58 and its 200-day moving average is $30.95. Endava plc has a 52 week low of $24.51 and a 52 week high of $81.06.

Endava 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.