Endava plc (NYSE:DAVA) Receives $39.10 Average PT from Analysts

Endava plc (NYSE:DAVA) has received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, 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 target price among brokers that have issued a report on the stock in the last year is $39.10.

Several equities research analysts have recently commented on the company. Susquehanna reduced their target price on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a report on Friday, February 21st. Morgan Stanley lifted their target price on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC reduced their price target on shares of Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 21st.

Endava Stock Performance

Shares of DAVA opened at $17.04 on Friday. 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’s 50 day moving average is $22.08 and its 200-day moving average is $26.63. Endava has a 12-month low of $16.60 and a 12-month high of $34.94. The stock has a market capitalization of $1.01 billion, a P/E ratio of 154.91, a P/E/G ratio of 2.26 and a beta of 1.33.

Endava (NYSE:DAVA) last posted its quarterly earnings results 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 analyst estimates of $197.33 million. Equities research analysts anticipate that Endava will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Endava

Institutional investors have recently modified their holdings of the stock. State Street Corp raised its holdings in shares of Endava by 33.0% during the third quarter. State Street Corp now owns 80,148 shares of the company’s stock worth $2,047,000 after acquiring an additional 19,884 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Endava during the 4th quarter valued at about $215,000. Natixis Advisors LLC grew its stake in shares of Endava by 44.8% in the 4th quarter. Natixis Advisors LLC now owns 45,340 shares of the company’s stock valued at $1,401,000 after buying an additional 14,023 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Endava by 13.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company’s stock worth $6,313,000 after buying an additional 25,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Endava by 35.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,289 shares of the company’s stock valued at $843,000 after acquiring an additional 7,124 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

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.