Endava (NYSE:DAVA) Sets New 52-Week High at $107.44

Endava plc (NYSE:DAVA)’s stock price reached a new 52-week high on Friday . The company traded as high as $107.44 and last traded at $107.44, with a volume of 300 shares. The stock had previously closed at $104.97.

A number of analysts have recently weighed in on the stock. Susquehanna Bancshares increased their price objective on shares of Endava from $100.00 to $108.00 and gave the stock a “positive” rating in a research note on Thursday, May 20th. Morgan Stanley increased their price objective on shares of Endava from $93.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 20th. TheStreet upgraded shares of Endava from a “c” rating to a “b-” rating in a research report on Wednesday, May 19th. Susquehanna raised their price target on shares of Endava from $100.00 to $108.00 and gave the company a “positive” rating in a research report on Thursday, May 20th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Endava from $68.00 to $84.00 and gave the company a “hold” rating in a research report on Thursday, February 18th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $93.00.

The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 132.88, a PEG ratio of 4.08 and a beta of 0.88. The business’s fifty day simple moving average is $92.06.

Endava (NYSE:DAVA) last posted its quarterly earnings data on Tuesday, May 18th. The company reported $34.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $33.72. The business had revenue of $112.30 million for the quarter, compared to the consensus estimate of $111.21 million. Endava had a net margin of 8.40% and a return on equity of 13.26%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. Equities research analysts expect that Endava plc will post 1.02 EPS for the current year.

Large investors have recently bought and sold shares of the company. Morgan Stanley increased its position in Endava by 233.6% during the fourth quarter. Morgan Stanley now owns 249,903 shares of the company’s stock worth $19,180,000 after purchasing an additional 174,982 shares during the last quarter. Next Century Growth Investors LLC increased its position in Endava by 20.5% during the fourth quarter. Next Century Growth Investors LLC now owns 83,183 shares of the company’s stock worth $6,384,000 after purchasing an additional 14,129 shares during the last quarter. Mountain Capital Investment Advisors Inc increased its position in Endava by 79.3% during the first quarter. Mountain Capital Investment Advisors Inc now owns 10,638 shares of the company’s stock worth $884,000 after purchasing an additional 4,705 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Endava during the first quarter worth about $72,000. Finally, Symphony Financial Ltd. Co. increased its position in Endava by 6.2% during the first quarter. Symphony Financial Ltd. Co. now owns 4,079 shares of the company’s stock worth $332,000 after purchasing an additional 237 shares during the last quarter. 47.49% of the stock is currently owned by hedge funds and other institutional investors.

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 North America. It offers technology and digital advisory services for financial services, healthcare, manufacturing, retail and consumer, business and support services, and TMT sectors; IT strategies; business analysis services in payments, financial services, asset and wealth management, insurance, telecommunications, and digital media areas; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.

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