Endava plc (NYSE:DAVA) Receives $40.01 Average PT from Brokerages

Shares of Endava plc (NYSE:DAVA) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $40.01.

Several research analysts have recently issued reports on the company. Needham & Company LLC increased their target price on Endava from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Citigroup decreased their price objective on Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, October 28th. TD Cowen upped their target price on shares of Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Morgan Stanley lifted their price target 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, Bank of America started coverage on shares of Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mawer Investment Management Ltd. raised its stake in Endava by 613.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock valued at $30,610,000 after buying an additional 1,030,403 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Endava during the fourth quarter valued at $14,698,000. SG Americas Securities LLC lifted its holdings in Endava by 1,299.1% in the fourth quarter. SG Americas Securities LLC now owns 430,366 shares of the company’s stock valued at $13,298,000 after acquiring an additional 399,605 shares during the period. Fourth Sail Capital LP boosted its position in Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock worth $23,782,000 after purchasing an additional 247,418 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Endava by 64.5% during the 2nd quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock valued at $16,697,000 after purchasing an additional 223,964 shares during the period. 62.23% of the stock is owned by institutional investors.

Endava Price Performance

DAVA stock opened at $33.57 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. Endava has a 1 year low of $23.28 and a 1 year high of $72.98. The firm has a 50-day moving average of $31.01 and a 200 day moving average of $29.16. The company has a market cap of $1.98 billion, a P/E ratio of 239.79, a PEG ratio of 2.29 and a beta of 1.22.

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.