Analysts Set Endava PLC Sponsored ADR (NYSE:DAVA) PT at $15.71

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have received an average recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.7143.

DAVA has been the topic of several research analyst reports. Needham & Company LLC lowered their target price on shares of Endava from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. JPMorgan Chase & Co. decreased their price objective on shares of Endava from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Wall Street Zen upgraded shares of Endava from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Guggenheim dropped their target price on Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Morgan Stanley cut their target price on Endava from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th.

Institutional Trading of Endava

Institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. acquired a new position in Endava during the fourth quarter worth about $24,563,000. Invesco Ltd. boosted its position in shares of Endava by 6.4% during the 2nd quarter. Invesco Ltd. now owns 3,661,123 shares of the company’s stock valued at $56,088,000 after purchasing an additional 220,465 shares in the last quarter. Paradice Investment Management LLC grew its stake in shares of Endava by 61.9% in the 4th quarter. Paradice Investment Management LLC now owns 3,029,847 shares of the company’s stock worth $19,149,000 after purchasing an additional 1,157,921 shares during the last quarter. CDAM UK Ltd grew its stake in shares of Endava by 28.2% in the 4th quarter. CDAM UK Ltd now owns 2,979,658 shares of the company’s stock worth $18,831,000 after purchasing an additional 655,078 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its holdings in shares of Endava by 32.1% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 1,606,324 shares of the company’s stock worth $10,152,000 after purchasing an additional 389,970 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Price Performance

Shares of DAVA opened at $4.89 on Tuesday. Endava has a one year low of $4.38 and a one year high of $22.94. The stock’s fifty day moving average is $5.79 and its 200-day moving average is $7.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.39 and a current ratio of 2.39. The firm has a market capitalization of $274.70 million, a price-to-earnings ratio of -44.43 and a beta of 1.28.

Endava Company Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.