Endava (NYSE:DAVA) Trading 5% Higher

Endava plc (NYSE:DAVA – Get Rating) shares traded up 5% during trading on Friday . The stock traded as high as $53.46 and last traded at $53.12. 154,889 shares changed hands during trading, a decline of 43% from the average session volume of 270,084 shares. The stock had previously closed at $50.58.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. TheStreet cut shares of Endava from a “b-” rating to a “c+” rating in a report on Tuesday, April 25th. Susquehanna lowered their target price on shares of Endava from $120.00 to $112.00 and set a “positive” rating on the stock in a report on Thursday, April 20th. Citigroup lowered their target price on shares of Endava from $95.00 to $85.00 in a report on Monday, May 1st. Needham & Company LLC lowered their target price on shares of Endava from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, February 15th. Finally, Cowen reduced their price target on shares of Endava from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.25.

Endava Price Performance

The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 26.16 and a beta of 1.16. The business’s 50-day simple moving average is $59.75 and its two-hundred day simple moving average is $72.31.

Hedge Funds Weigh In On Endava

Hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in shares of Endava by 100.0% during the fourth quarter. Quadrant Capital Group LLC now owns 324 shares of the company’s stock worth $25,000 after purchasing an additional 162 shares during the period. Arcadia Investment Management Corp MI raised its stake in Endava by 130.0% during the first quarter. Arcadia Investment Management Corp MI now owns 490 shares of the company’s stock worth $33,000 after buying an additional 277 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Endava by 433.3% during the third quarter. Tower Research Capital LLC TRC now owns 480 shares of the company’s stock worth $39,000 after buying an additional 390 shares during the last quarter. Global Retirement Partners LLC raised its stake in Endava by 76.8% during the first quarter. Global Retirement Partners LLC now owns 870 shares of the company’s stock worth $49,000 after buying an additional 378 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Endava during the first quarter worth $88,000. Institutional investors and hedge funds own 52.15% of the company’s stock.

Endava Company Profile

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Endava Plc engages in the provision of technology services. It focuses on finance, insurance, telecommunications, media, and retail companies. The company was founded by John Edward Cotterell in 2000 and is headquartered in London, the United Kingdom.