Endava plc (NYSE:DAVA) Given Average Rating of "Moderate Buy" by Brokerages

Endava plc (NYSE:DAVA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $39.10.

A number of equities research analysts recently commented on DAVA shares. Needham & Company LLC lowered their price objective on shares of Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Morgan Stanley increased their price target 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. Finally, Susquehanna cut their price objective on Endava from $55.00 to $50.00 and set a "positive" rating for the company in a research report on Friday, February 21st.

Institutional Trading of Endava

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC grew its holdings in Endava by 5.9% in the third quarter. Natixis Advisors LLC now owns 31,317 shares of the company's stock valued at $800,000 after purchasing an additional 1,743 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Endava by 30.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,898 shares of the company's stock valued at $15,372,000 after purchasing an additional 141,250 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Endava by 120.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,165 shares of the company's stock valued at $515,000 after buying an additional 11,020 shares during the period. Eagle Asset Management Inc. increased its holdings in shares of Endava by 3.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 193,358 shares of the company's stock worth $5,099,000 after buying an additional 7,216 shares during the last quarter. Finally, FMR LLC raised its position in shares of Endava by 1.4% in the 3rd quarter. FMR LLC now owns 952,515 shares of the company's stock worth $24,327,000 after buying an additional 13,106 shares during the period. Hedge funds and other institutional investors own 62.23% of the company's stock.

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Endava Stock Performance

NYSE DAVA traded down $0.75 during trading hours on Tuesday, hitting $19.93. 478,770 shares of the stock were exchanged, compared to its average volume of 498,361. Endava has a 12-month low of $19.75 and a 12-month high of $38.05. The stock has a 50-day moving average of $27.56 and a 200 day moving average of $27.97. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 181.15, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42. 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 - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a return on equity of 0.89% and a net margin of 0.74%. The business had revenue of $250.63 million during the quarter, compared to analysts' expectations of $197.33 million. As a group, equities research analysts forecast that Endava will post 0.57 earnings per share for the current year.

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.