Endava PLC Sponsored ADR (NYSE:DAVA - Get Free Report) shares shot up 6.9% during mid-day trading on Wednesday . The company traded as high as $13.71 and last traded at $13.77. 247,180 shares were traded during trading, a decline of 63% from the average session volume of 672,350 shares. The stock had previously closed at $12.89.
Analyst Ratings Changes
A number of brokerages have issued reports on DAVA. Deutsche Bank Aktiengesellschaft began coverage on Endava in a report on Thursday, July 17th. They set a "hold" rating and a $14.00 target price on the stock. TD Cowen cut Endava from a "buy" rating to a "hold" rating and set a $17.00 target price on the stock. in a report on Thursday, May 15th. Wall Street Zen upgraded Endava from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Susquehanna reduced their target price on Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $18.00 target price on shares of Endava in a report on Monday, May 19th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $25.22.
Check Out Our Latest Stock Report on DAVA
Endava Price Performance
The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.21. The firm has a market cap of $800.76 million, a P/E ratio of 35.70 and a beta of 1.12. The company has a fifty day moving average price of $14.40 and a two-hundred day moving average price of $19.31.
Institutional Investors Weigh In On Endava
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Endava by 36.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,198,846 shares of the company's stock worth $120,939,000 after purchasing an additional 1,665,735 shares during the last quarter. Invesco Ltd. boosted its stake in Endava by 5.0% in the 1st quarter. Invesco Ltd. now owns 3,440,658 shares of the company's stock valued at $67,127,000 after purchasing an additional 164,475 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Endava by 7.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,549,317 shares of the company's stock valued at $78,774,000 after purchasing an additional 171,048 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of Endava by 80.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,806,044 shares of the company's stock worth $55,807,000 after buying an additional 805,903 shares in the last quarter. Finally, Paradice Investment Management LLC raised its holdings in shares of Endava by 29.2% during the 2nd quarter. Paradice Investment Management LLC now owns 1,565,860 shares of the company's stock worth $23,989,000 after buying an additional 353,587 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company's stock.
About Endava
(
Get Free Report)
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.
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