Endava (NYSE:DAVA) Releases Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Endava (NYSE:DAVA) issued its quarterly earnings data on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.20), FiscalAI reports. Endava had a negative net margin of 0.51% and a positive return on equity of 5.16%. The company had revenue of $236.44 million during the quarter, compared to analyst estimates of $242.79 million. Endava updated its Q4 2026 guidance to 0.120-0.180 EPS and its FY 2026 guidance to 0.610-0.660 EPS.

Endava Price Performance

Shares of Endava stock opened at $4.03 on Thursday. Endava has a twelve month low of $3.61 and a twelve month high of $17.36. The business has a 50-day moving average price of $4.40 and a 200 day moving average price of $5.68. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.36. The firm has a market cap of $226.30 million, a PE ratio of -36.60 and a beta of 1.11.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DAVA shares. Guggenheim cut their price target on Endava from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Wall Street Zen upgraded Endava from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. TD Cowen cut their price target on Endava from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Weiss Ratings restated a “sell (d)” rating on shares of Endava in a research note on Tuesday, April 7th. Finally, Needham & Company LLC cut their price target on Endava from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Endava has an average rating of “Hold” and an average target price of $9.50.

Institutional Investors Weigh In On Endava

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC increased its stake in Endava by 16.1% during the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock worth $208,000 after buying an additional 1,482 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Endava by 733.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after buying an additional 1,680 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Endava during the 3rd quarter worth approximately $28,000. State Street Corp increased its stake in Endava by 3.4% during the 4th quarter. State Street Corp now owns 98,936 shares of the company’s stock worth $625,000 after buying an additional 3,218 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Endava by 4.8% during the 4th quarter. Millennium Management LLC now owns 95,634 shares of the company’s stock worth $604,000 after buying an additional 4,342 shares in the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

About Endava

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.