Shares of Endava PLC – (NYSE:DAVA) have earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $44.78.
Several equities research analysts have recently weighed in on DAVA shares. Deutsche Bank increased their price objective on Endava from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Susquehanna Bancshares started coverage on Endava in a research report on Tuesday, October 22nd. They issued a “positive” rating and a $48.00 target price for the company. Needham & Company LLC raised their target price on Endava from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Zacks Investment Research raised Endava from a “sell” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, November 26th. Finally, ValuEngine cut Endava from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.
A number of hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Endava by 333.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,722,012 shares of the company’s stock valued at $69,294,000 after acquiring an additional 1,324,543 shares during the period. Bamco Inc. NY lifted its holdings in shares of Endava by 262.1% during the second quarter. Bamco Inc. NY now owns 1,397,732 shares of the company’s stock valued at $56,245,000 after acquiring an additional 1,011,684 shares during the period. Grandeur Peak Global Advisors LLC lifted its holdings in shares of Endava by 119.6% during the second quarter. Grandeur Peak Global Advisors LLC now owns 625,911 shares of the company’s stock valued at $25,187,000 after acquiring an additional 340,825 shares during the period. BlackRock Inc. lifted its holdings in shares of Endava by 38.9% during the second quarter. BlackRock Inc. now owns 667,162 shares of the company’s stock valued at $26,846,000 after acquiring an additional 186,862 shares during the period. Finally, Morgan Stanley increased its stake in shares of Endava by 4,083.8% in the second quarter. Morgan Stanley now owns 126,016 shares of the company’s stock valued at $5,070,000 after buying an additional 123,004 shares in the last quarter. 27.86% of the stock is owned by hedge funds and other institutional investors.
Shares of DAVA traded up $0.20 during mid-day trading on Friday, hitting $46.68. The company’s stock had a trading volume of 1,185 shares, compared to its average volume of 69,507. Endava has a one year low of $22.50 and a one year high of $49.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.43 and a current ratio of 2.43. The firm has a market capitalization of $2.46 billion, a PE ratio of 47.13, a price-to-earnings-growth ratio of 2.56 and a beta of 0.76. The stock’s 50-day moving average is $46.99 and its two-hundred day moving average is $40.93.
Endava (NYSE:DAVA) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.15. Endava had a return on equity of 28.69% and a net margin of 11.93%. The company had revenue of $101.53 million during the quarter, compared to analysts’ expectations of $100.84 million. Analysts expect that Endava will post 0.91 EPS for the current fiscal year.
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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