State of New Jersey Common Pension Fund D Decreases Stock Position in Endava plc (NYSE:DAVA)

State of New Jersey Common Pension Fund D lessened its stake in shares of Endava plc (NYSE:DAVA) by 30.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,296 shares of the company’s stock after selling 30,025 shares during the period. State of New Jersey Common Pension Fund D owned 0.12% of Endava worth $1,997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. US Bancorp DE boosted its stake in Endava by 2,113.9% during the fourth quarter. US Bancorp DE now owns 16,427 shares of the company’s stock valued at $1,279,000 after buying an additional 15,685 shares during the last quarter. George Kaiser Family Foundation bought a new position in shares of Endava during the 1st quarter valued at approximately $1,136,000. SG Americas Securities LLC purchased a new position in shares of Endava in the first quarter valued at $832,000. Neuberger Berman Group LLC bought a new stake in Endava in the fourth quarter worth $1,837,000. Finally, Advisory Services Network LLC lifted its position in Endava by 51.8% during the fourth quarter. Advisory Services Network LLC now owns 5,749 shares of the company’s stock valued at $448,000 after purchasing an additional 1,963 shares during the last quarter. 62.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Guggenheim reduced their target price on shares of Endava from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. raised their price objective on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Needham & Company LLC cut their target price on Endava from $42.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday. Redburn Atlantic began coverage on Endava in a research report on Friday, May 24th. They issued a “neutral” rating and a $33.10 price target for the company. Finally, TD Cowen dropped their price objective on shares of Endava from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Endava currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.31.

Endava Stock Down 3.6 %

DAVA stock opened at $26.66 on Friday. Endava plc has a twelve month low of $24.51 and a twelve month high of $81.06. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 29.62 and a beta of 1.22. The business’s fifty day simple moving average is $30.58 and its two-hundred day simple moving average is $30.99.

About Endava

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.