Guggenheim Cuts Endava (NYSE:DAVA) Price Target to $45.00

Endava (NYSE:DAVA) had its price objective cut by Guggenheim from $55.00 to $45.00 in a report published on Monday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. TD Cowen cut their price target on shares of Endava from $46.00 to $42.00 and set a buy rating for the company in a report on Friday, May 24th. JPMorgan Chase & Co. lifted their target price on shares of Endava from $41.00 to $47.00 and gave the company an overweight rating in a research note on Friday, September 6th. Wedbush decreased their price target on Endava from $65.00 to $50.00 and set an outperform rating on the stock in a research report on Thursday, May 23rd. Redburn Atlantic started coverage on Endava in a research report on Friday, May 24th. They issued a neutral rating and a $33.10 price objective for the company. Finally, Needham & Company LLC decreased their target price on Endava from $50.00 to $42.00 and set a buy rating on the stock in a report on Friday, May 24th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $46.01.

Endava Price Performance

Endava stock opened at $27.63 on Monday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 30.70 and a beta of 1.22. The stock has a fifty day moving average price of $30.67 and a two-hundred day moving average price of $31.07. Endava has a 52-week low of $24.51 and a 52-week high of $81.06.

Hedge Funds Weigh In On Endava

Several large investors have recently made changes to their positions in the company. Assetmark Inc. boosted its stake in Endava by 47.8% in the fourth quarter. Assetmark Inc. now owns 510 shares of the company’s stock valued at $40,000 after acquiring an additional 165 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Endava by 34.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,424 shares of the company’s stock worth $111,000 after purchasing an additional 368 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Endava by 5.6% during the first quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock worth $353,000 after purchasing an additional 495 shares during the period. Capital International Sarl increased its holdings in Endava by 4.3% in the fourth quarter. Capital International Sarl now owns 16,996 shares of the company’s stock valued at $1,323,000 after purchasing an additional 708 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Endava by 18.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock valued at $414,000 after buying an additional 833 shares during the period. 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.