Endava plc (NYSE:DAVA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Endava plc (NYSE:DAVA) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $39.10.

DAVA has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Susquehanna lowered their price target on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Friday, February 21st. Finally, Needham & Company LLC dropped their price objective on Endava from $43.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 21st.

Institutional Trading of Endava

A number of large investors have recently made changes to their positions in the stock. Assetmark Inc. boosted its holdings in Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Blue Trust Inc. increased its position in 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 last quarter. Quadrant Capital Group LLC lifted its holdings in Endava by 114.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock valued at $46,000 after acquiring an additional 786 shares during the period. GAMMA Investing LLC boosted its position in Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after purchasing an additional 745 shares during the last quarter. Finally, State of Tennessee Department of Treasury bought a new stake in shares of Endava during the 4th quarter valued at about $100,000. 62.23% of the stock is currently owned by institutional investors.

Endava Trading Down 1.8 %

Shares of DAVA opened at $17.09 on Friday. The firm has a market cap of $1.01 billion, a P/E ratio of 155.36, a price-to-earnings-growth ratio of 2.26 and a beta of 1.33. Endava has a fifty-two week low of $16.70 and a fifty-two week high of $34.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The business has a 50-day moving average of $22.42 and a 200 day moving average of $26.67.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The business had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. As a group, research analysts forecast that Endava will post 0.57 EPS for the current year.

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.