Endava plc (NYSE:DAVA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Endava plc (NYSE:DAVA) have been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $39.10.

DAVA has been the topic of a number of research reports. Morgan Stanley upped their target price on shares of Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Needham & Company LLC cut their price objective on shares of Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Susquehanna lowered their target price on shares of Endava from $55.00 to $50.00 and set a “positive” rating for the company in a report on Friday, February 21st.

Endava Stock Performance

Shares of Endava stock opened at $19.54 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a 50 day simple moving average of $27.08 and a 200 day simple moving average of $27.74. Endava has a fifty-two week low of $19.28 and a fifty-two week high of $38.05. The firm has a market cap of $1.15 billion, a P/E ratio of 177.59, a P/E/G ratio of 2.26 and a beta of 1.42.

Endava (NYSE:DAVA) last released its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The firm had revenue of $250.63 million during the quarter, compared to analyst estimates of $197.33 million. Sell-side analysts predict that Endava will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of Endava

Several hedge funds have recently bought and sold shares of DAVA. Assetmark Inc. raised its holdings in shares of Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after acquiring an additional 475 shares during the period. Blue Trust Inc. increased its holdings in Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after purchasing an additional 331 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock valued at $46,000 after purchasing an additional 786 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after purchasing an additional 745 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in shares of Endava during the fourth quarter worth about $100,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.

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.