Endava plc (NYSE:DAVA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Endava plc (NYSE:DAVA) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $39.83.

Several equities research analysts have weighed in on the stock. Needham & Company LLC increased their target price on shares of Endava from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Susquehanna cut their target price on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. Guggenheim reduced their price objective on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Bank of America started coverage on Endava in a research note on Friday, November 22nd. They set a “neutral” rating and a $29.00 price objective on the stock. Finally, TD Cowen raised their target price on shares of Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Institutional Trading of Endava

Hedge funds have recently modified their holdings of the stock. Mawer Investment Management Ltd. lifted its holdings in shares of Endava by 613.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock worth $30,610,000 after buying an additional 1,030,403 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its stake in Endava by 8.7% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock worth $6,279,000 after purchasing an additional 19,669 shares in the last quarter. XTX Topco Ltd bought a new stake in Endava in the 2nd quarter valued at about $941,000. State Street Corp boosted its holdings in Endava by 33.0% in the 3rd quarter. State Street Corp now owns 80,148 shares of the company’s stock valued at $2,047,000 after purchasing an additional 19,884 shares during the period. Finally, Horrell Capital Management Inc. increased its holdings in shares of Endava by 76.5% during the third quarter. Horrell Capital Management Inc. now owns 150,000 shares of the company’s stock worth $3,831,000 after purchasing an additional 65,000 shares during the period. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Trading Down 1.5 %

DAVA opened at $31.25 on Thursday. The firm has a 50 day simple moving average of $28.75 and a 200 day simple moving average of $28.83. Endava has a fifty-two week low of $23.28 and a fifty-two week high of $81.06. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 223.21, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90.

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.