Public Employees Retirement System of Ohio Purchases New Holdings in Endava plc (NYSE:DAVA)

Public Employees Retirement System of Ohio acquired a new position in Endava plc (NYSE:DAVA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 37,126 shares of the company’s stock, valued at approximately $1,147,000. Public Employees Retirement System of Ohio owned 0.06% of Endava as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in Endava during the fourth quarter valued at about $783,000. Blue Trust Inc. raised its position in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after purchasing an additional 331 shares during the period. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Endava during the 4th quarter valued at approximately $222,000. State of New Jersey Common Pension Fund D lifted its stake in shares of Endava by 22.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 81,662 shares of the company’s stock valued at $2,523,000 after buying an additional 15,173 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its holdings in Endava by 2.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 287,510 shares of the company’s stock worth $8,884,000 after buying an additional 7,945 shares during the period. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Price Performance

NYSE:DAVA opened at $15.47 on Wednesday. Endava plc has a 52-week low of $14.00 and a 52-week high of $34.94. The stock has a fifty day moving average of $17.46 and a 200 day moving average of $24.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $913.21 million, a price-to-earnings ratio of 140.64, a P/E/G ratio of 2.26 and a beta of 1.25.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DAVA shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $18.00 target price on shares of Endava in a research report on Monday, May 19th. Cowen lowered Endava from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. TD Cowen cut Endava from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a report on Thursday, May 15th. Susquehanna cut their target price on Endava from $50.00 to $42.00 and set a “positive” rating for the company in a research note on Tuesday, May 20th. Finally, Guggenheim decreased their price target on Endava from $40.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Endava has an average rating of “Hold” and a consensus target price of $26.75.

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.