Endava plc (NYSE:DAVA) Given Average Rating of “Moderate Buy” by Analysts

Endava plc (NYSE:DAVA) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $39.83.

A number of equities research analysts have issued reports on DAVA shares. Citigroup reduced their price objective 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. JPMorgan Chase & Co. increased their price target on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Bank of America initiated coverage on Endava in a research note on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective for the company. Guggenheim lowered their target price on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Needham & Company LLC boosted their target price on shares of Endava from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, November 14th.

Endava Stock Up 3.5 %

Shares of NYSE:DAVA opened at $31.03 on Friday. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 221.64, a PEG ratio of 2.16 and a beta of 1.24. The business’s 50 day moving average is $27.38 and its 200 day moving average is $28.33. Endava has a 12-month low of $23.28 and a 12-month high of $81.06. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA) last posted its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). Endava had a return on equity of 1.10% and a net margin of 0.92%. The firm had revenue of $245.30 million during the quarter, compared to the consensus estimate of $248.65 million. On average, sell-side analysts forecast that Endava will post 0.65 earnings per share for the current fiscal year.

Institutional Trading of Endava

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP increased its position in shares of Endava by 6.7% during the third 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 period. Mawer Investment Management Ltd. lifted its stake in Endava by 613.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock worth $30,610,000 after purchasing an additional 1,030,403 shares in the last quarter. FMR LLC grew its position in shares of Endava by 1.4% during the 3rd 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 in the last quarter. Fourth Sail Capital LP increased its holdings 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. raised its position in shares of Endava by 2.5% in the third quarter. DF Dent & Co. Inc. now owns 777,108 shares of the company’s stock worth $19,847,000 after buying an additional 18,882 shares in the last quarter. 62.23% of the stock is currently owned by institutional investors.

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.