Shares of Endava PLC – (NYSE:DAVA) hit a new 52-week high during trading on Thursday . The stock traded as high as $32.22 and last traded at $30.00, with a volume of 2026858 shares traded. The stock had previously closed at $27.90.
Separately, Zacks Investment Research lowered shares of Endava from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 18th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $29.00.
The stock has a market cap of $1.48 billion and a PE ratio of 42.25.
Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.09. The business had revenue of $92.41 million during the quarter, compared to the consensus estimate of $76.46 million. Analysts forecast that Endava PLC – will post 0.85 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Pendal Group Ltd increased its holdings in Endava by 27.8% during the 4th quarter. Pendal Group Ltd now owns 14,710 shares of the company’s stock worth $357,000 after acquiring an additional 3,197 shares during the period. Marshall Wace North America L.P. bought a new stake in Endava during the 3rd quarter worth approximately $608,000. Citadel Advisors LLC bought a new stake in Endava during the 3rd quarter worth approximately $917,000. Wells Fargo & Company MN bought a new stake in Endava during the 3rd quarter worth approximately $5,996,000. Finally, Federated Investors Inc. PA bought a new stake in Endava during the 3rd quarter worth approximately $6,525,000. 12.51% of the stock is currently owned by institutional investors and hedge funds.
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About Endava (NYSE:DAVA)
Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.
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