Endava plc (NYSE:DAVA) Receives $40.91 Average Price Target from Brokerages

Shares of Endava plc (NYSE:DAVA) have received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $39.83.

DAVA has been the topic of several recent analyst reports. Bank of America assumed coverage on Endava in a research note on Friday. They set a “neutral” rating and a $29.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. 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 dropped their price target on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Susquehanna decreased their price objective on shares of Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th.

Institutional Trading of Endava

Large investors have recently made changes to their positions in the stock. Wasatch Advisors LP grew its stake in Endava by 6.7% in the 3rd quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company’s stock valued at $40,319,000 after buying an additional 98,875 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in Endava by 613.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock valued at $30,610,000 after acquiring an additional 1,030,403 shares during the period. FMR LLC grew its position in shares of Endava by 1.4% in the third quarter. FMR LLC now owns 952,515 shares of the company’s stock valued at $24,327,000 after purchasing an additional 13,106 shares during the last quarter. Fourth Sail Capital LP increased its stake in shares of Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock worth $23,782,000 after purchasing an additional 247,418 shares during the period. Finally, DF Dent & Co. Inc. lifted its position in shares of Endava by 2.5% during the 3rd quarter. DF Dent & Co. Inc. now owns 777,108 shares of the company’s stock worth $19,847,000 after purchasing an additional 18,882 shares during the last quarter. Institutional investors own 62.23% of the company’s stock.

Endava Price Performance

Shares of NYSE DAVA opened at $28.70 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 202.79 and a beta of 1.21. Endava has a twelve month low of $23.28 and a twelve month high of $81.06. The business has a 50 day simple moving average of $26.25 and a 200-day simple moving average of $28.42.

Endava (NYSE:DAVA) last issued its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). Endava had a return on equity of 1.10% and a net margin of 0.92%. The business had revenue of $245.30 million during the quarter, compared to the consensus estimate of $248.65 million. As a group, equities research analysts expect that Endava will post 0.77 earnings per share for the current year.

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.