Endava (NYSE:DAVA) Price Target Raised to $35.00

Endava (NYSE:DAVA) had its price target increased by Morgan Stanley from $33.00 to $35.00 in a report released on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

DAVA has been the topic of a number of other research reports. Citigroup dropped their price objective on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Needham & Company LLC boosted their price objective on shares of Endava from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, January 10th. TD Cowen upped their price objective on shares of Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Guggenheim dropped their target price on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Bank of America assumed coverage on Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price target for the company. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.01.

Endava Price Performance

DAVA stock opened at $32.47 on Friday. The stock has a 50-day simple moving average of $30.69 and a 200-day simple moving average of $29.13. The firm has a market cap of $1.92 billion, a P/E ratio of 231.91, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. Endava has a 1 year low of $23.28 and a 1 year high of $73.27.

Institutional Trading of Endava

A number of institutional investors and hedge funds have recently modified their holdings of DAVA. New York State Common Retirement Fund bought a new stake in shares of Endava during the 4th quarter valued at about $442,000. Paradice Investment Management LLC boosted its stake in Endava by 24.3% in the fourth quarter. Paradice Investment Management LLC now owns 931,024 shares of the company’s stock valued at $28,769,000 after acquiring an additional 181,868 shares during the period. Kornitzer Capital Management Inc. KS boosted its stake in Endava by 2.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 287,510 shares of the company’s stock valued at $8,884,000 after acquiring an additional 7,945 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of Endava by 22.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 81,662 shares of the company’s stock valued at $2,523,000 after purchasing an additional 15,173 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after purchasing an additional 331 shares during the period. 62.23% of the stock is owned by institutional investors and hedge funds.

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.