Susquehanna Bancshares Increases Endava (NYSE:DAVA) Price Target to $120.00

Endava (NYSE:DAVAGet Rating) had its price objective hoisted by Susquehanna Bancshares from $110.00 to $120.00 in a report issued on Wednesday morning, Stock Target Advisor reports. Susquehanna Bancshares currently has a positive rating on the stock.

Several other research analysts also recently commented on the stock. KeyCorp began coverage on shares of Endava in a report on Monday, September 12th. They set a sector weight rating for the company. Citigroup cut their price target on Endava from $145.00 to $110.00 and set a buy rating for the company in a report on Wednesday, September 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on Endava from $94.00 to $78.00 in a report on Wednesday, September 28th. Wedbush cut their target price on shares of Endava from $120.00 to $90.00 and set an outperform rating for the company in a report on Wednesday, September 28th. Finally, Susquehanna boosted their price target on shares of Endava from $110.00 to $120.00 in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $107.00.

Endava Trading Up 0.4 %

NYSE:DAVA opened at $79.08 on Wednesday. The stock has a 50-day moving average price of $74.93 and a 200 day moving average price of $89.99. The stock has a market capitalization of $4.41 billion, a P/E ratio of 38.02 and a beta of 1.21. Endava has a 12-month low of $61.55 and a 12-month high of $170.88.

Endava (NYSE:DAVAGet Rating) last posted its quarterly earnings results on Tuesday, September 27th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.19. The business had revenue of $226.82 million during the quarter, compared to the consensus estimate of $219.99 million. Endava had a return on equity of 22.06% and a net margin of 13.26%. On average, research analysts predict that Endava will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endava

Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in Endava by 433.3% during the third quarter. Tower Research Capital LLC TRC now owns 480 shares of the company’s stock worth $39,000 after buying an additional 390 shares during the period. Truvestments Capital LLC bought a new stake in shares of Endava in the 2nd quarter worth about $41,000. Castle Wealth Management LLC purchased a new position in shares of Endava during the 2nd quarter worth about $52,000. Harbor Investment Advisory LLC boosted its stake in shares of Endava by 23.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 766 shares of the company’s stock worth $68,000 after purchasing an additional 144 shares during the period. Finally, Quantbot Technologies LP bought a new position in Endava during the 1st quarter valued at about $88,000. Institutional investors own 52.49% of the company’s stock.

Endava Company Profile

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Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. The company offers technology and digital advisory services for payments and financial services, and TMT sectors; IT strategies; business analysis services; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.

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