Endava plc (NYSE:DAVA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Endava plc (NYSE:DAVA) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $40.01.

Several research analysts recently commented on the company. Needham & Company LLC raised 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. Bank of America began coverage on shares of Endava in a research report on Friday, November 22nd. They set a “neutral” rating and a $29.00 target price on the stock. Morgan Stanley increased their price target on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday. Citigroup decreased their price objective on Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Finally, Guggenheim dropped their target price on Endava from $45.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, November 6th.

Endava Trading Down 0.0 %

Endava stock opened at $32.47 on Monday. The business has a 50 day moving average price of $30.69 and a two-hundred day moving average price of $29.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava has a 12 month low of $23.28 and a 12 month high of $73.27. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 231.91, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22.

Institutional Trading of Endava

Several large investors have recently made changes to their positions in the business. New York State Common Retirement Fund bought a new stake in shares of Endava during the fourth quarter valued at approximately $442,000. Paradice Investment Management LLC boosted its position in Endava by 24.3% in the 4th quarter. Paradice Investment Management LLC now owns 931,024 shares of the company’s stock valued at $28,769,000 after buying an additional 181,868 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its stake in shares of Endava by 2.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 287,510 shares of the company’s stock valued at $8,884,000 after buying an additional 7,945 shares during the period. State of New Jersey Common Pension Fund D raised its position 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 worth $2,523,000 after acquiring an additional 15,173 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Endava by 28.5% during the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after acquiring an additional 331 shares during the period. Institutional investors 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.