Endava plc (NYSE:DAVA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Endava plc (NYSE:DAVA) have earned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $39.10.

Several analysts have recently commented on the stock. Needham & Company LLC decreased their price objective on shares of Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Morgan Stanley raised their price target on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Susquehanna dropped their price objective on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research note on Friday, February 21st.

Endava Price Performance

NYSE DAVA opened at $19.93 on Tuesday. The business’s fifty day moving average is $27.32 and its 200 day moving average is $27.88. Endava has a fifty-two week low of $19.77 and a fifty-two week high of $38.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $1.18 billion, a PE ratio of 181.15, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42.

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

Institutional Investors Weigh In On Endava

Several large investors have recently bought and sold shares of DAVA. State Street Corp increased its holdings in shares of Endava by 33.0% in the 3rd quarter. State Street Corp now owns 80,148 shares of the company’s stock worth $2,047,000 after buying an additional 19,884 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Endava in the fourth quarter worth about $215,000. Robeco Institutional Asset Management B.V. increased its stake in Endava by 13.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company’s stock worth $6,313,000 after acquiring an additional 25,000 shares during the last quarter. Natixis Advisors LLC raised its position in Endava by 44.8% during the fourth quarter. Natixis Advisors LLC now owns 45,340 shares of the company’s stock valued at $1,401,000 after purchasing an additional 14,023 shares during the period. Finally, 272 Capital LP raised its position in Endava by 156.3% during the third quarter. 272 Capital LP now owns 145,146 shares of the company’s stock valued at $3,707,000 after purchasing an additional 88,518 shares during the period. Institutional investors 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.