Endava plc (NYSE:DAVA - Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 1,130,000 shares, a drop of 5.8% from the September 15th total of 1,200,000 shares. Based on an average trading volume of 435,300 shares, the days-to-cover ratio is currently 2.6 days.
Endava Price Performance
DAVA stock traded up $0.08 during midday trading on Wednesday, reaching $26.32. The company had a trading volume of 408,822 shares, compared to its average volume of 537,301. The firm has a 50-day moving average price of $28.68 and a 200-day moving average price of $29.44. The company has a market capitalization of $1.52 billion, a P/E ratio of 30.24 and a beta of 1.21. Endava has a 1 year low of $23.28 and a 1 year high of $81.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.74.
Endava (NYSE:DAVA - Get Free Report) last announced 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 2.76% and a net margin of 2.30%. The company had revenue of $245.30 million during the quarter, compared to analysts' expectations of $248.65 million. On average, research analysts anticipate that Endava will post 0.77 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently weighed in on DAVA shares. JPMorgan Chase & Co. lifted their price objective on shares of Endava from $41.00 to $47.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. Susquehanna lowered their price target on shares of Endava from $66.00 to $55.00 and set a "positive" rating on the stock in a report on Friday, September 20th. Needham & Company LLC reduced their price objective on shares of Endava from $42.00 to $33.00 and set a "buy" rating for the company in a research note on Friday, September 20th. Finally, Guggenheim lowered their target price on shares of Endava from $55.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.31.
Check Out Our Latest Research Report on Endava
Hedge Funds Weigh In On Endava
A number of large investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in Endava by 5.6% during the first quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company's stock valued at $353,000 after acquiring an additional 495 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Endava by 18.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock valued at $414,000 after purchasing an additional 833 shares during the last quarter. Portside Wealth Group LLC grew its holdings in shares of Endava by 7.7% during the 2nd quarter. Portside Wealth Group LLC now owns 15,268 shares of the company's stock valued at $446,000 after purchasing an additional 1,090 shares during the last quarter. Headlands Technologies LLC purchased a new position in Endava in the 1st quarter worth $49,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Endava by 24.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 8,339 shares of the company's stock worth $317,000 after purchasing an additional 1,622 shares during the last quarter. 62.23% of the stock is owned by hedge funds and other 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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