Endava (NYSE:DAVA) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Endava (NYSE:DAVA) from a sell rating to a hold rating in a report published on Friday morning.

DAVA has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Endava in a report on Wednesday, October 8th. Morgan Stanley dropped their price target on shares of Endava from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Needham & Company LLC cut their price objective on shares of Endava from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. JPMorgan Chase & Co. decreased their target price on Endava from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Zacks Research upgraded Endava from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.43.

Endava Stock Up 2.2%

Endava stock opened at $6.99 on Friday. Endava has a one year low of $6.02 and a one year high of $34.94. The stock has a fifty day moving average of $6.56 and a 200 day moving average of $9.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 2.18. The stock has a market cap of $392.91 million, a PE ratio of 34.95 and a beta of 1.24.

Hedge Funds Weigh In On Endava

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC increased its stake in Endava by 16.1% in the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock worth $208,000 after acquiring an additional 1,482 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Endava by 81.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock worth $26,000 after buying an additional 753 shares in the last quarter. Norden Group LLC raised its position in shares of Endava by 24.4% during the 2nd quarter. Norden Group LLC now owns 30,749 shares of the company’s stock valued at $471,000 after buying an additional 6,035 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Endava by 33.9% in the second quarter. Janney Montgomery Scott LLC now owns 63,101 shares of the company’s stock worth $967,000 after acquiring an additional 15,976 shares in the last quarter. Finally, Precision Wealth Strategies LLC lifted its stake in shares of Endava by 42.6% in the 2nd quarter. Precision Wealth Strategies LLC now owns 18,003 shares of the company’s stock valued at $276,000 after purchasing an additional 5,381 shares during the last quarter. 62.23% of the stock is owned by hedge funds and other institutional investors.

About Endava

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.