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

Endava plc (NYSE:DAVA) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $42.31.

Several equities research analysts have commented on the company. Needham & Company LLC lowered their price objective on Endava from $42.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Guggenheim lowered their price objective on Endava from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Susquehanna decreased their target price on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. increased their target price on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, September 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Endava by 5.6% in the 1st quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock valued at $353,000 after purchasing an additional 495 shares in the last quarter. Capital International Sarl increased its stake in shares of Endava by 4.3% in the 4th quarter. Capital International Sarl now owns 16,996 shares of the company’s stock worth $1,323,000 after acquiring an additional 708 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Endava by 18.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock worth $414,000 after acquiring an additional 833 shares during the last quarter. Portside Wealth Group LLC increased its stake in shares of Endava by 7.7% in the 2nd quarter. Portside Wealth Group LLC now owns 15,268 shares of the company’s stock worth $446,000 after acquiring an additional 1,090 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Endava in the 1st quarter worth $49,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Trading Up 1.8 %

Endava stock opened at $25.37 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.23. Endava has a 12 month low of $24.51 and a 12 month high of $81.06. The stock’s 50 day simple moving average is $29.50 and its two-hundred day simple moving average is $30.15. The firm has a market cap of $1.47 billion, a PE ratio of 28.19 and a beta of 1.21.

About Endava

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.