Analysts’ Weekly Ratings Updates for Endava (DAVA)

Endava (NYSE: DAVA) has recently received a number of price target changes and ratings updates:

  • 6/6/2019 – Endava is now covered by analysts at KeyCorp. They set a “sector weight” rating and a $38.26 price target on the stock.
  • 6/3/2019 – Endava was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Endava Plc provides information technology services. It offers software engineering, cloud transformation, test automation, technology consulting and other related services. The company serves finance, insurance and healthcare, retail and consumer goods, media and technology and communication industry. Endava Plc is based in London, United Kingdom. “
  • 5/24/2019 – Endava was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Endava Plc provides information technology services. It offers software engineering, cloud transformation, test automation, technology consulting and other related services. The company serves finance, insurance and healthcare, retail and consumer goods, media and technology and communication industry. Endava Plc is based in London, United Kingdom. “
  • 5/22/2019 – Endava had its price target raised by analysts at Morgan Stanley from $33.00 to $37.00. They now have an “equal weight” rating on the stock.
  • 5/6/2019 – Endava was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Endava Plc provides information technology services. It offers software engineering, cloud transformation, test automation, technology consulting and other related services. The company serves finance, insurance and healthcare, retail and consumer goods, media and technology and communication industry. Endava Plc is based in London, United Kingdom. “

DAVA stock opened at $37.69 on Wednesday. The company has a market cap of $2.06 billion and a price-to-earnings ratio of 53.08. Endava PLC – has a one year low of $21.13 and a one year high of $40.93.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The firm had revenue of $73.06 million for the quarter, compared to the consensus estimate of $71.82 million. Endava had a net margin of 9.59% and a return on equity of 30.34%. The business’s revenue was up 24.7% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. As a group, sell-side analysts predict that Endava PLC – will post 0.8 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its stake in shares of Endava by 24.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 975,066 shares of the company’s stock worth $23,548,000 after buying an additional 192,573 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Endava by 1.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 297,773 shares of the company’s stock worth $7,219,000 after buying an additional 5,196 shares during the period. Pendal Group Ltd increased its stake in shares of Endava by 19.4% in the first quarter. Pendal Group Ltd now owns 17,566 shares of the company’s stock worth $483,000 after buying an additional 2,856 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Endava by 440.6% in the first quarter. JPMorgan Chase & Co. now owns 31,219 shares of the company’s stock worth $859,000 after buying an additional 25,444 shares during the period. Finally, Wasatch Advisors Inc. increased its stake in shares of Endava by 46.0% in the first quarter. Wasatch Advisors Inc. now owns 162,129 shares of the company’s stock worth $4,459,000 after buying an additional 51,077 shares during the period. 13.74% 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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