Endava plc (NYSE:DAVA) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Endava plc (NYSE:DAVA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $39.10.

Several brokerages have recently weighed in on DAVA. Needham & Company LLC cut their price objective on Endava from $43.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 21st. Morgan Stanley raised their price objective on shares of Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, Susquehanna reduced their target price on shares of Endava from $55.00 to $50.00 and set a "positive" rating for the company in a report on Friday, February 21st.

Institutional Trading of Endava

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Endava by 120.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,165 shares of the company's stock worth $515,000 after buying an additional 11,020 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Endava by 11.7% in the 3rd quarter. HighTower Advisors LLC now owns 15,143 shares of the company's stock valued at $390,000 after acquiring an additional 1,592 shares in the last quarter. State Street Corp lifted its holdings in 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 purchasing an additional 19,884 shares during the last quarter. 272 Capital LP boosted its position in Endava by 156.3% during the third quarter. 272 Capital LP now owns 145,146 shares of the company's stock worth $3,707,000 after purchasing an additional 88,518 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock valued at $50,000 after purchasing an additional 745 shares during the last quarter. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Endava Stock Performance

DAVA stock traded up $0.90 during trading on Friday, reaching $18.88. 244,589 shares of the company's stock were exchanged, compared to its average volume of 481,465. The firm has a market cap of $1.11 billion, a PE ratio of 171.59, a P/E/G ratio of 2.26 and a beta of 1.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava has a 1-year low of $16.60 and a 1-year high of $34.94. The company's fifty day moving average price is $21.41 and its 200-day moving average price is $26.51.

Endava (NYSE:DAVA - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The company had revenue of $250.63 million for the quarter, compared to analyst estimates of $197.33 million. On average, research analysts expect that Endava will post 0.57 EPS for the current fiscal year.

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.