Endava (NYSE:DAVA) had its target price upped by research analysts at Susquehanna Bancshares from $58.00 to $68.00 in a report released on Wednesday, The Fly reports. Susquehanna Bancshares’ price target indicates a potential upside of 18.90% from the stock’s current price.
A number of other research analysts also recently issued reports on the company. Needham & Company LLC upped their price objective on Endava from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Tuesday. William Blair restated an “outperform” rating on shares of Endava in a research note on Monday, August 17th. Deutsche Bank upped their price objective on Endava from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday. Citigroup upgraded Endava from a “neutral” rating to a “buy” rating and upped their price objective for the company from $57.00 to $67.00 in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on Endava from $54.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $61.50.
Endava stock traded up $0.44 during trading on Wednesday, hitting $57.19. 3,871 shares of the company were exchanged, compared to its average volume of 163,643. The business’s 50 day moving average is $53.45 and its 200 day moving average is $47.16. Endava has a 52 week low of $27.21 and a 52 week high of $58.64. The company has a market capitalization of $3.01 billion, a P/E ratio of 111.27, a PEG ratio of 3.10 and a beta of 1.16. The company has a current ratio of 2.09, a quick ratio of 2.08 and a debt-to-equity ratio of 0.19.
Endava (NYSE:DAVA) last announced its quarterly earnings results on Tuesday, September 15th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.07. Endava had a return on equity of 13.83% and a net margin of 6.85%. The business had revenue of $90.50 million during the quarter, compared to the consensus estimate of $86.84 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. Endava’s revenue was up 18.1% compared to the same quarter last year. Equities analysts expect that Endava will post 0.91 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of DAVA. Federated Hermes Inc. lifted its holdings in Endava by 17.2% during the 2nd quarter. Federated Hermes Inc. now owns 486,374 shares of the company’s stock worth $23,492,000 after purchasing an additional 71,226 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in Endava during the 1st quarter worth about $3,807,000. Wells Fargo & Company MN lifted its holdings in Endava by 13.1% during the 1st quarter. Wells Fargo & Company MN now owns 394,953 shares of the company’s stock worth $13,886,000 after purchasing an additional 45,807 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Endava during the 1st quarter worth about $259,000. Finally, Two Sigma Advisers LP raised its holdings in shares of Endava by 113.4% in the 1st quarter. Two Sigma Advisers LP now owns 49,300 shares of the company’s stock valued at $1,733,000 after acquiring an additional 26,200 shares in the last quarter. 36.87% of the stock is currently owned by hedge funds and other institutional investors.
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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