GSA Capital Partners LLP, an institutional investor, has revealed that it grew its position in Endava plc by 53.2% during the third quarter, according to the company’s recent disclosure with the Securities and Exchange Commission (SEC). The firm now owns 37,873 shares of Endava’s stock, representing a value of $967,000. This increase in stake demonstrates GSA Capital Partners’ confidence in the company’s prospects.
Several other institutional investors have also made changes to their positions in Endava. BNP Paribas Financial Markets increased its holdings by 5.6% in the first quarter, while Precision Wealth Strategies LLC raised its position by 6.7% in the third quarter. Signaturefd LLC and Portside Wealth Group LLC also saw increases in their holdings during the same period. Additionally, Blue Trust Inc. acquired a new position in Endava during the third quarter.
Wall Street analysts have provided their insights on Endava’s stock. JPMorgan Chase & Co. raised their target price from $41.00 to $47.00 and gave the stock an “overweight” rating. Guggenheim, on the other hand, reduced their price objective from $45.00 to $40.00 but maintained a “buy” rating. TD Cowen raised their price target to $36.00 and Needham & Company LLC to $36.00, both with a “buy” rating. Citigroup, however, lowered their price target from $30.00 to $27.00 and assigned a “neutral” rating.
Endava’s stock opened at $26.88 on Friday, experiencing a 4.9% decline. The company has a market capitalization of $1.55 billion and a price-to-earnings ratio of 192.00. The stock has a 12-month low of $23.28 and a 12-month high of $81.06. Endava reported a net margin of 0.92% and a return on equity of 1.10% in its most recent quarterly earnings results, falling short of analysts’ consensus estimates.
While the stock has received mixed ratings from analysts, the average rating is currently “Moderate Buy,” with a consensus price target of $40.91, according to MarketBeat.com.