Endava plc (NYSE:DAVA) Receives $40.91 Consensus Target Price from Brokerages

Shares of Endava plc (NYSE:DAVA) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $39.83.

A number of equities research analysts have recently weighed in on DAVA shares. Needham & Company LLC boosted their price target on Endava from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. TD Cowen upped their target price on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Bank of America began coverage on Endava in a research note on Friday. They issued a “neutral” rating and a $29.00 target price for the company. Susquehanna dropped their price target on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. Finally, Citigroup reduced their price objective on Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 28th.

Endava Price Performance

DAVA opened at $28.67 on Wednesday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 204.79 and a beta of 1.21. 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 12-month low of $23.28 and a 12-month high of $81.06. The business’s fifty day simple moving average is $26.15 and its 200-day simple moving average is $28.36.

Endava (NYSE:DAVA) last issued its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) earnings per share 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 analysts’ expectations of $248.65 million. On average, equities research analysts anticipate that Endava will post 0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. DF Dent & Co. Inc. grew its position in Endava by 2.5% during the third quarter. DF Dent & Co. Inc. now owns 777,108 shares of the company’s stock valued at $19,847,000 after buying an additional 18,882 shares during the period. State Street Corp boosted its stake in shares of Endava by 33.0% during the 3rd 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. HighTower Advisors LLC grew its position in shares of Endava by 11.7% during the 3rd quarter. HighTower Advisors LLC now owns 15,143 shares of the company’s stock valued at $390,000 after acquiring an additional 1,592 shares during the period. Circumference Group LLC increased its stake in shares of Endava by 76.5% in the 3rd quarter. Circumference Group LLC now owns 150,000 shares of the company’s stock valued at $3,831,000 after purchasing an additional 65,000 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in Endava by 6.7% in the 3rd quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company’s stock worth $40,319,000 after purchasing an additional 98,875 shares during the period. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

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.