Endava (NYSE:DAVA) PT Raised to $56.00 at Cantor Fitzgerald

Endava (NYSE:DAVA) had its price target hoisted by equities research analysts at Cantor Fitzgerald from $46.00 to $56.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm presently has a “neutral” rating on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 3.04% from the stock’s previous close.

A number of other brokerages have also issued reports on DAVA. Citigroup boosted their target price on Endava from $45.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Needham & Company LLC upped their target price on Endava from $53.00 to $62.00 and gave the company a “buy” rating in a report on Thursday. Susquehanna Bancshares assumed coverage on Endava in a research report on Tuesday, October 22nd. They issued a “positive” rating and a $48.00 price target for the company. Finally, Zacks Investment Research cut Endava from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Endava currently has a consensus rating of “Hold” and an average price target of $48.16.

Endava stock traded down $0.63 during mid-day trading on Friday, hitting $54.35. The company’s stock had a trading volume of 2,081 shares, compared to its average volume of 114,671. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.56 billion, a P/E ratio of 65.21, a P/E/G ratio of 2.67 and a beta of 0.77. Endava has a twelve month low of $23.51 and a twelve month high of $55.50. The stock’s fifty day moving average price is $46.98 and its two-hundred day moving average price is $42.23.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.10. The company had revenue of $85.90 million for the quarter, compared to analysts’ expectations of $83.00 million. Endava had a return on equity of 28.69% and a net margin of 11.93%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. Equities analysts expect that Endava will post 0.91 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of DAVA. FMR LLC lifted its holdings in shares of Endava by 1.8% during the 4th quarter. FMR LLC now owns 1,733,113 shares of the company’s stock worth $80,763,000 after acquiring an additional 31,229 shares during the period. Driehaus Capital Management LLC lifted its position in shares of Endava by 1.5% during the 4th quarter. Driehaus Capital Management LLC now owns 897,834 shares of the company’s stock worth $41,839,000 after buying an additional 13,001 shares during the period. CDAM UK Ltd lifted its position in shares of Endava by 11.7% during the 3rd quarter. CDAM UK Ltd now owns 270,337 shares of the company’s stock worth $10,173,000 after buying an additional 28,243 shares during the period. Renaissance Technologies LLC boosted its stake in Endava by 54.2% in the 4th quarter. Renaissance Technologies LLC now owns 218,063 shares of the company’s stock valued at $10,162,000 after buying an additional 76,603 shares in the last quarter. Finally, Morgan Stanley boosted its stake in Endava by 4,083.8% in the 2nd quarter. Morgan Stanley now owns 126,016 shares of the company’s stock valued at $5,070,000 after buying an additional 123,004 shares in the last quarter. 27.78% of the stock is owned by hedge funds and other institutional investors.

Endava Company Profile

Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.

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