Endava (NYSE:DAVA) Updates Q2 2026 Earnings Guidance

Endava (NYSE:DAVA) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.200-0.230 for the period, compared to the consensus EPS estimate of 0.110. The company issued revenue guidance of $241.4 million-$245.5 million, compared to the consensus revenue estimate of $251.1 million. Endava also updated its FY 2026 guidance to 1.080-1.190 EPS.

Endava Trading Up 1.6%

Endava stock opened at $9.45 on Tuesday. Endava has a 1 year low of $8.17 and a 1 year high of $34.94. The firm’s 50-day moving average is $9.39 and its 200-day moving average is $13.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market cap of $531.18 million, a P/E ratio of 21.00 and a beta of 1.18.

Analyst Ratings Changes

A number of equities analysts have issued reports on DAVA shares. JPMorgan Chase & Co. cut their target price on shares of Endava from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Morgan Stanley dropped their price target on Endava from $17.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Endava in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft began coverage on Endava in a research report on Thursday, July 17th. They set a “hold” rating and a $14.00 price objective for the company. Finally, Guggenheim dropped their target price on Endava from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.00.

Hedge Funds Weigh In On Endava

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAVA. Jane Street Group LLC grew its holdings in shares of Endava by 16.1% during the first quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock valued at $208,000 after buying an additional 1,482 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Endava by 733.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after acquiring an additional 1,680 shares in the last quarter. Sompo Asset Management Co. Ltd. boosted its position in Endava by 54.2% during the 2nd quarter. Sompo Asset Management Co. Ltd. now owns 20,780 shares of the company’s stock worth $318,000 after acquiring an additional 7,300 shares during the period. Vident Advisory LLC purchased a new position in Endava during the 2nd quarter valued at about $160,000. Finally, Benjamin Edwards Inc. purchased a new position in Endava during the 2nd quarter valued at about $198,000. 62.23% of the stock is owned by institutional investors.

About Endava

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.