Endava PLC – (NYSE:DAVA) Receives Average Rating of “Hold” from Analysts

Endava PLC – (NYSE:DAVA) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $49.53.

A number of research analysts have weighed in on DAVA shares. Needham & Company LLC upped their price objective on shares of Endava from $53.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Zacks Investment Research upgraded shares of Endava from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Friday, February 21st. Citigroup upped their price objective on shares of Endava from $45.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Finally, Cantor Fitzgerald upped their price objective on shares of Endava from $46.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th.

NYSE DAVA traded down $2.07 on Friday, reaching $53.05. 264,600 shares of the company’s stock traded hands, compared to its average volume of 135,420. The stock has a 50 day moving average price of $48.79 and a 200-day moving average price of $43.39. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 162.16, a P/E/G ratio of 2.56 and a beta of 0.77. Endava has a fifty-two week low of $25.02 and a fifty-two week high of $56.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.80 and a current ratio of 1.80.

Endava (NYSE:DAVA) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. The business had revenue of $85.90 million during the quarter, compared to the consensus estimate of $83.00 million. Endava had a net margin of 4.65% and a return on equity of 12.63%. The company’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share. As a group, equities research analysts anticipate that Endava will post 1.05 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of Endava by 1.8% in the 4th quarter. FMR LLC now owns 1,733,113 shares of the company’s stock worth $80,763,000 after acquiring an additional 31,229 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in Endava by 1.5% during the 4th quarter. Driehaus Capital Management LLC now owns 897,834 shares of the company’s stock worth $41,839,000 after buying an additional 13,001 shares in the last quarter. Capital International Investors acquired a new stake in Endava during the 4th quarter worth approximately $15,015,000. CDAM UK Ltd lifted its holdings in Endava by 11.7% during the 3rd quarter. CDAM UK Ltd now owns 270,337 shares of the company’s stock worth $10,173,000 after buying an additional 28,243 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Endava by 54.2% during the 4th quarter. Renaissance Technologies LLC now owns 218,063 shares of the company’s stock worth $10,162,000 after buying an additional 76,603 shares in the last quarter. Institutional investors own 28.04% of the company’s stock.

About Endava

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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Analyst Recommendations for Endava (NYSE:DAVA)

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