Endava’s (DAVA) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Endava (NYSE:DAVA) in a research report sent to investors on Monday morning, Marketbeat reports. JPMorgan Chase & Co. currently has a $18.00 target price on the stock.

DAVA has been the topic of several other research reports. Guggenheim cut their price objective on Endava from $40.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Morgan Stanley lifted their price objective on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Needham & Company LLC cut their price objective on Endava from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, May 15th. Cowen cut Endava from a “buy” rating to a “hold” rating in a report on Wednesday, May 14th. Finally, TD Cowen cut Endava from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.51.

Endava Price Performance

Shares of DAVA opened at $15.33 on Monday. 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 1 year low of $14.32 and a 1 year high of $34.94. The stock has a market cap of $904.95 million, a P/E ratio of 139.36, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. The stock’s 50-day moving average price is $18.87 and its two-hundred day moving average price is $25.67.

Endava (NYSE:DAVA) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Endava had a return on equity of 0.89% and a net margin of 0.74%. The company had revenue of $250.63 million for the quarter, compared to the consensus estimate of $197.33 million. On average, equities analysts predict that Endava will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DAVA. SG Americas Securities LLC increased its position in shares of Endava by 1,299.1% during the 4th quarter. SG Americas Securities LLC now owns 430,366 shares of the company’s stock worth $13,298,000 after purchasing an additional 399,605 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Endava during the 4th quarter worth approximately $783,000. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Endava by 35.3% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 332,642 shares of the company’s stock worth $10,282,000 after purchasing an additional 86,870 shares during the last quarter. Blue Trust Inc. increased its position in shares of Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after purchasing an additional 331 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Endava by 13.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company’s stock worth $6,313,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Company Profile

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.