Endava (NYSE:DAVA) Trading Up 4.5%

Endava plc (NYSE:DAVAGet Free Report) rose 4.5% on Thursday . The company traded as high as $25.82 and last traded at $25.82. Approximately 45,726 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 595,557 shares. The stock had previously closed at $24.70.

Analyst Ratings Changes

DAVA has been the subject of several analyst reports. Needham & Company LLC dropped their target price on Endava from $50.00 to $42.00 and set a “buy” rating for the company in a report on Friday, May 24th. HSBC raised shares of Endava from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, May 1st. TD Cowen cut their price target on shares of Endava from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $40.00 price target on shares of Endava in a research report on Monday, April 22nd. Finally, Citigroup cut their price target on shares of Endava from $40.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.41.

Get Our Latest Stock Report on DAVA

Endava Trading Up 9.2 %

The company has a market capitalization of $1.56 billion, a P/E ratio of 28.98 and a beta of 1.21. The company’s 50 day moving average is $28.96 and its 200-day moving average is $49.62.

Endava (NYSE:DAVAGet Free Report) last announced its earnings results on Thursday, May 23rd. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). Endava had a net margin of 5.69% and a return on equity of 7.13%. The business had revenue of $221.14 million for the quarter, compared to the consensus estimate of $220.59 million. Analysts predict that Endava plc will post 0.55 EPS for the current fiscal year.

Institutional Trading of Endava

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. lifted its position in Endava by 47.8% during the fourth quarter. Assetmark Inc. now owns 510 shares of the company’s stock valued at $40,000 after purchasing an additional 165 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Endava by 34.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,424 shares of the company’s stock worth $111,000 after buying an additional 368 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Endava by 5.6% in the first quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock worth $353,000 after acquiring an additional 495 shares during the period. Capital International Sarl increased its position in Endava by 4.3% during the fourth quarter. Capital International Sarl now owns 16,996 shares of the company’s stock valued at $1,323,000 after acquiring an additional 708 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC lifted its holdings in Endava by 1.7% in the third quarter. Azimuth Capital Investment Management LLC now owns 47,040 shares of the company’s stock valued at $2,698,000 after acquiring an additional 790 shares during the period. 62.23% of the stock is currently owned by institutional investors.

About Endava

(Get Free Report)

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.

Read More

Receive News & Ratings for Endava Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endava and related companies with MarketBeat.com's FREE daily email newsletter.