Endava plc (NYSE:DAVA) Receives Consensus Rating of “Buy” from Analysts

Endava plc (NYSE:DAVAGet Rating) has received an average rating of “Buy” from the nine analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $186.50.

A number of brokerages have issued reports on DAVA. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Endava from $162.00 to $154.00 in a report on Thursday, February 17th. Citigroup decreased their price target on shares of Endava from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, February 17th. Zacks Investment Research raised shares of Endava from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 9th. Finally, Morgan Stanley upped their price target on shares of Endava from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, February 17th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in shares of Endava by 6.2% during the third quarter. American Century Companies Inc. now owns 339,672 shares of the company’s stock worth $46,144,000 after purchasing an additional 19,910 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Endava in the fourth quarter worth about $32,319,000. EAM Global Investors LLC raised its stake in Endava by 17.6% in the third quarter. EAM Global Investors LLC now owns 42,404 shares of the company’s stock worth $5,761,000 after buying an additional 6,338 shares in the last quarter. Segantii Capital Management Ltd bought a new position in Endava in the fourth quarter worth about $1,587,000. Finally, New York State Common Retirement Fund raised its stake in Endava by 74.7% in the third quarter. New York State Common Retirement Fund now owns 21,171 shares of the company’s stock worth $2,876,000 after buying an additional 9,050 shares in the last quarter. Institutional investors and hedge funds own 49.37% of the company’s stock.

DAVA stock traded up $0.68 during mid-day trading on Friday, reaching $122.88. 5,068 shares of the company traded hands, compared to its average volume of 296,924. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 77.43 and a beta of 1.03. Endava has a fifty-two week low of $79.21 and a fifty-two week high of $172.41. The firm’s 50 day moving average price is $126.65 and its 200 day moving average price is $139.29.

Endava (NYSE:DAVAGet Rating) last released its quarterly earnings results on Tuesday, February 15th. The company reported $46.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $45.56. Endava had a return on equity of 20.67% and a net margin of 11.78%. The business had revenue of $157.67 million during the quarter, compared to the consensus estimate of $151.61 million. During the same quarter in the previous year, the business earned $0.18 EPS. The company’s quarterly revenue was up 49.8% on a year-over-year basis. On average, equities analysts predict that Endava will post 1.57 EPS for the current fiscal year.

Endava Company Profile (Get Rating)

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. The company offers technology and digital advisory services for payments and financial services, and TMT sectors; IT strategies; business analysis services; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.

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Analyst Recommendations for Endava (NYSE:DAVA)

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