Endava plc (NYSE:DAVA - Get Free Report) shares traded up 6.7% during trading on Thursday . The company traded as high as $32.15 and last traded at $32.00. 41,277 shares traded hands during trading, a decline of 92% from the average session volume of 525,005 shares. The stock had previously closed at $29.98.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on DAVA. Bank of America started coverage on Endava in a research report on Friday, November 22nd. They set a "neutral" rating and a $29.00 target price on the stock. TD Cowen raised their price objective on shares of Endava from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Guggenheim lowered their target price on shares of Endava from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target on shares of Endava from $41.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Finally, Susquehanna decreased their price objective on Endava from $66.00 to $55.00 and set a "positive" rating on the stock in a report on Friday, September 20th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.83.
Read Our Latest Analysis on DAVA
Endava Stock Up 3.5 %
The company has a market cap of $1.83 billion, a P/E ratio of 221.64, a PEG ratio of 2.16 and a beta of 1.24. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $27.23 and a 200 day moving average price of $28.31.
Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) 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 company had revenue of $245.30 million for the quarter, compared to the consensus estimate of $248.65 million. Equities research analysts forecast that Endava plc will post 0.65 earnings per share for the current year.
Institutional Trading of Endava
Several hedge funds have recently modified their holdings of DAVA. Institute for Wealth Management LLC. lifted its holdings in Endava by 22.4% during the 2nd quarter. Institute for Wealth Management LLC. now owns 10,763 shares of the company's stock worth $315,000 after buying an additional 1,972 shares in the last quarter. Natixis Advisors LLC bought a new position in Endava in the second quarter valued at about $865,000. Paradice Investment Management LLC acquired a new stake in Endava in the second quarter worth about $18,695,000. Kornitzer Capital Management Inc. KS raised its holdings in Endava by 30.1% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 218,624 shares of the company's stock worth $6,393,000 after purchasing an additional 50,609 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in Endava by 4,578.4% during the 2nd quarter. Acadian Asset Management LLC now owns 169,500 shares of the company's stock valued at $4,949,000 after purchasing an additional 165,877 shares during the period. 62.23% of the stock is owned by institutional investors.
About Endava
(
Get Free Report)
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.
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