Analysts’ Weekly Ratings Changes for Endava (DAVA)

A number of firms have modified their ratings and price targets on shares of Endava (NYSE: DAVA) recently:

• 5/16/2022 – Endava had its price target lowered by analysts at Wedbush from $200.00 to $120.00.
• 5/13/2022 – Endava had its price target lowered by analysts at Cowen Inc. from $155.00 to $125.00.
• 5/13/2022 – Endava had its price target lowered by analysts at Cowen Inc from $155.00 to $125.00.
• 5/13/2022 – Endava had its price target lowered by analysts at Susquehanna Bancshares, Inc. from $200.00 to $150.00.
• 5/13/2022 – Endava had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $154.00 to $94.00.
• 5/13/2022 – Endava had its price target lowered by analysts at Susquehanna from $200.00 to $150.00.

Shares of DAVA opened at $90.33 on Wednesday. Endava plc has a one year low of $89.68 and a one year high of $172.41. The firm has a market capitalization of $5.03 billion, a P/E ratio of 52.52 and a beta of 1.17. The business has a fifty day moving average of $115.24 and a 200 day moving average of $130.38.

Endava (NYSE:DAVA – Get Rating) last released its quarterly earnings results on Thursday, May 12th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. Endava had a return on equity of 20.94% and a net margin of 11.84%. The business had revenue of $169.20 million during the quarter, compared to analyst estimates of $162.36 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. Endava’s revenue for the quarter was up 50.7% on a year-over-year basis. On average, research analysts anticipate that Endava plc will post 1.57 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in DAVA. BlackRock Inc. lifted its position in shares of Endava by 0.5% in the third quarter. BlackRock Inc. now owns 925,650 shares of the company’s stock valued at $125,751,000 after acquiring an additional 4,472 shares in the last quarter. Barclays PLC lifted its position in shares of Endava by 16,468.0% in the third quarter. Barclays PLC now owns 12,426 shares of the company’s stock worth $1,688,000 after buying an additional 12,351 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Endava by 169.5% in the third quarter. Goldman Sachs Group Inc. now owns 78,859 shares of the company’s stock worth $10,713,000 after buying an additional 49,593 shares in the last quarter. US Bancorp DE lifted its position in shares of Endava by 6.7% in the third quarter. US Bancorp DE now owns 1,241 shares of the company’s stock worth $168,000 after buying an additional 78 shares in the last quarter. Finally, Blueshift Asset Management LLC lifted its position in shares of Endava by 15.1% in the third quarter. Blueshift Asset Management LLC now owns 2,813 shares of the company’s stock worth $382,000 after buying an additional 368 shares in the last quarter. Institutional investors and hedge funds own 49.74% of the company’s stock.

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.

Further Reading