Endava (NYSE:DAVA) Price Target Raised to $35.00

Endava (NYSE:DAVA - Get Free Report) had its target price boosted by analysts at Morgan Stanley from $33.00 to $35.00 in a report released on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 8.06% from the stock's previous close.

DAVA has been the subject of several other reports. Citigroup decreased their price target on shares of Endava from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, October 28th. TD Cowen upped their price target on Endava from $35.00 to $36.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. 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 report on Wednesday, November 6th. Needham & Company LLC boosted their price objective on shares of Endava from $36.00 to $43.00 and gave the company a "buy" rating in a report on Friday, January 10th. Finally, Bank of America initiated coverage on shares of Endava in a research report on Friday, November 22nd. They issued a "neutral" rating and a $29.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.01.

Endava Trading Up 0.9 %

Shares of DAVA stock traded up $0.30 during trading hours on Friday, reaching $32.39. The company's stock had a trading volume of 237,743 shares, compared to its average volume of 307,730. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava has a one year low of $23.28 and a one year high of $72.98. The stock has a market capitalization of $1.91 billion, a P/E ratio of 231.34, a P/E/G ratio of 2.29 and a beta of 1.22. The firm's fifty day simple moving average is $30.75 and its 200 day simple moving average is $29.09.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of Endava by 28.5% during the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after buying an additional 331 shares during the last quarter. Precision Wealth Strategies LLC increased its holdings in Endava by 4.5% in the 4th quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company's stock valued at $277,000 after acquiring an additional 383 shares during the last quarter. GAMMA Investing LLC lifted its stake in Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after purchasing an additional 745 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Endava by 84.1% during the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company's stock valued at $50,000 after purchasing an additional 886 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its position in shares of Endava by 11.4% during the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company's stock valued at $233,000 after purchasing an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company's stock.

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.