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

Endava (NYSE:DAVA) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other analysts have also recently issued research reports about the stock. Guggenheim decreased their price target on shares of Endava from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. William Blair downgraded Endava from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 11th. Zacks Research raised Endava from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Needham & Company LLC reduced their price objective on Endava from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Finally, JPMorgan Chase & Co. decreased their price objective on Endava from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Endava has an average rating of “Hold” and an average target price of $16.43.

Endava Price Performance

DAVA stock opened at $5.47 on Friday. 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 company’s fifty day moving average price is $6.52 and its 200-day moving average price is $8.91. Endava has a one year low of $5.03 and a one year high of $34.94. The company has a market capitalization of $307.47 million, a PE ratio of 27.35 and a beta of 1.26.

Institutional Investors Weigh In On Endava

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in shares of Endava during the 3rd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its stake in shares of Endava by 733.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after acquiring an additional 1,680 shares during the period. Perennial Advisors LLC purchased a new stake in shares of Endava in the fourth quarter valued at $63,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Endava by 22.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,411 shares of the company’s stock worth $85,000 after acquiring an additional 2,493 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in shares of Endava during the 4th quarter worth about $97,000. 62.23% of the stock is owned by institutional investors.

Endava Company Profile

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.