Endava (NYSE:DAVA) Releases FY 2026 Earnings Guidance

Endava (NYSE:DAVA) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.610-0.660 for the period, compared to the consensus estimate of 0.790. The company issued revenue guidance of $973.0 million-$978.3 million, compared to the consensus revenue estimate of $996.7 million. Endava also updated its Q4 2026 guidance to 0.120-0.180 EPS.

Endava Price Performance

Shares of DAVA opened at $3.35 on Friday. The company has a 50 day moving average price of $4.37 and a 200-day moving average price of $5.64. Endava has a fifty-two week low of $3.20 and a fifty-two week high of $17.36. The stock has a market capitalization of $188.02 million, a PE ratio of -30.41 and a beta of 1.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.39 and a current ratio of 2.39.

Wall Street Analyst Weigh In

Several research analysts recently commented on DAVA shares. Guggenheim reduced their price objective on shares of Endava from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, February 13th. CLSA set a $5.00 price target on shares of Endava in a report on Friday. TD Cowen decreased their price target on shares of Endava from $6.50 to $6.00 and set a “buy” rating for the company in a report on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Endava in a report on Tuesday, April 7th. Finally, Needham & Company LLC dropped their price target on Endava from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.57.

Institutional Trading of Endava

A number of hedge funds have recently added to or reduced their stakes in DAVA. T. Rowe Price Investment Management Inc. purchased a new stake in Endava during the fourth quarter worth $24,563,000. Invenomic Capital Management LP purchased a new stake in Endava during the fourth quarter worth $4,691,000. UBS Group AG boosted its holdings in Endava by 128.4% during the third quarter. UBS Group AG now owns 756,082 shares of the company’s stock worth $6,880,000 after buying an additional 425,106 shares in the last quarter. Mak Capital One LLC purchased a new stake in Endava during the fourth quarter worth $1,789,000. Finally, Barclays PLC boosted its holdings in Endava by 100.1% during the fourth quarter. Barclays PLC now owns 517,985 shares of the company’s stock worth $3,274,000 after buying an additional 259,058 shares in the last quarter. 62.23% of the stock is 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.