Shares of Endava PLC – (NYSE:DAVA) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $32.22 and last traded at $30.00, with a volume of 2026858 shares traded. The stock had previously closed at $27.90.

Separately, Zacks Investment Research upgraded Endava from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Tuesday, March 5th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $29.00.

The company has a market cap of $1.48 billion and a PE ratio of 42.25.

Endava (NYSE:DAVA) last posted its quarterly earnings data on Thursday, February 28th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. The company had revenue of $92.41 million during the quarter, compared to the consensus estimate of $76.46 million. As a group, research analysts anticipate that Endava PLC – will post 0.85 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Pendal Group Ltd raised its holdings in shares of Endava by 27.8% in the 4th quarter. Pendal Group Ltd now owns 14,710 shares of the company’s stock valued at $357,000 after purchasing an additional 3,197 shares during the period. Marshall Wace North America L.P. bought a new position in Endava in the 3rd quarter valued at about $608,000. Citadel Advisors LLC acquired a new position in shares of Endava during the 3rd quarter worth approximately $917,000. Wells Fargo & Company MN acquired a new position in shares of Endava during the 3rd quarter worth approximately $5,996,000. Finally, Federated Investors Inc. PA acquired a new position in shares of Endava during the 3rd quarter worth approximately $6,525,000. Institutional investors own 12.51% of the company’s stock.

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About Endava (NYSE:DAVA)

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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