Endava (NYSE:DAVA) Updates FY 2026 Earnings Guidance

Endava (NYSE:DAVA) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.100-1.180 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $968.4 million. Endava also updated its Q3 2026 guidance to 0.250-0.290 EPS.

Analysts Set New Price Targets

Several analysts have recently issued reports on DAVA shares. William Blair lowered shares of Endava from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 11th. Guggenheim decreased their price target on shares of Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. JPMorgan Chase & Co. cut their price objective on Endava from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Morgan Stanley reduced their target price on Endava from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Finally, Zacks Research raised Endava from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.14.

Endava Stock Up 3.2%

Shares of NYSE:DAVA opened at $5.26 on Thursday. Endava has a 52-week low of $4.84 and a 52-week high of $33.29. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $6.33 and a two-hundred day moving average of $8.42. The stock has a market cap of $295.38 million, a P/E ratio of 26.28 and a beta of 1.26.

Institutional Trading of Endava

Institutional investors have recently made changes to their positions in the company. Vident Advisory LLC acquired a new stake in Endava during the fourth quarter worth $68,000. State of Tennessee Department of Treasury grew its stake in shares of Endava by 102.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 73,091 shares of the company’s stock worth $462,000 after acquiring an additional 36,992 shares in the last quarter. Quadrature Capital Ltd boosted its stake in shares of Endava by 56.6% in the 4th quarter. Quadrature Capital Ltd now owns 87,177 shares of the company’s stock valued at $551,000 after buying an additional 31,491 shares during the period. Millennium Management LLC increased its holdings in Endava by 4.8% in the fourth quarter. Millennium Management LLC now owns 95,634 shares of the company’s stock valued at $604,000 after buying an additional 4,342 shares during the last quarter. Finally, Invenomic Capital Management LP purchased a new stake in Endava during the fourth quarter worth approximately $4,691,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

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.