Endava (NYSE:DAVA) Price Target Raised to $47.00 at JPMorgan Chase & Co.

Endava (NYSE:DAVA) had its price objective increased by JPMorgan Chase & Co. from $41.00 to $47.00 in a research report sent to investors on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on DAVA. TD Cowen lowered their price target on Endava from $46.00 to $42.00 and set a buy rating on the stock in a report on Friday, May 24th. Guggenheim lowered their target price on Endava from $60.00 to $55.00 and set a buy rating on the stock in a research note on Friday, May 24th. Redburn Atlantic started coverage on shares of Endava in a research report on Friday, May 24th. They issued a neutral rating and a $33.10 price target for the company. Needham & Company LLC decreased their price target on shares of Endava from $50.00 to $42.00 and set a buy rating for the company in a report on Friday, May 24th. Finally, Wedbush dropped their price objective on shares of Endava from $65.00 to $50.00 and set an outperform rating on the stock in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Endava has an average rating of Moderate Buy and an average price target of $47.01.

Endava Trading Down 0.3 %

Shares of Endava stock opened at $30.43 on Friday. The company’s 50-day moving average price is $30.38 and its two-hundred day moving average price is $33.10. Endava has a 52 week low of $24.51 and a 52 week high of $81.06. The stock has a market cap of $1.76 billion, a PE ratio of 33.93 and a beta of 1.22.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DAVA. Capital International Investors raised its stake in shares of Endava by 3.2% in the 4th quarter. Capital International Investors now owns 2,115,202 shares of the company’s stock valued at $164,668,000 after acquiring an additional 65,794 shares in the last quarter. CDAM UK Ltd raised its position in shares of Endava by 1.8% in the fourth quarter. CDAM UK Ltd now owns 1,451,449 shares of the company’s stock valued at $112,995,000 after purchasing an additional 25,570 shares during the period. Wasatch Advisors LP lifted its stake in shares of Endava by 2.0% in the first quarter. Wasatch Advisors LP now owns 1,262,478 shares of the company’s stock worth $48,025,000 after buying an additional 24,699 shares during the last quarter. Capital World Investors lifted its stake in shares of Endava by 39.3% in the fourth quarter. Capital World Investors now owns 987,200 shares of the company’s stock worth $76,854,000 after buying an additional 278,300 shares during the last quarter. Finally, Fourth Sail Capital LP acquired a new stake in shares of Endava in the first quarter worth $27,622,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

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.