Brokerages Set Endava PLC Sponsored ADR (NYSE:DAVA) PT at $16.43

Endava PLC Sponsored ADR (NYSE:DAVA) has been given an average rating of “Hold” by the ten brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.4286.

A number of equities research analysts have recently commented on DAVA shares. Zacks Research upgraded shares of Endava from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Morgan Stanley cut their price objective on shares of Endava from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. William Blair lowered shares of Endava from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 11th. Wall Street Zen lowered Endava from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Finally, Guggenheim cut their price target on Endava from $18.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 12th.

Endava Stock Performance

NYSE DAVA opened at $6.58 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.18 and a quick ratio of 2.18. The stock’s 50 day simple moving average is $6.55 and its 200-day simple moving average is $9.56. The company has a market cap of $369.97 million, a PE ratio of 32.91 and a beta of 1.24. Endava has a 1-year low of $6.02 and a 1-year high of $34.94.

Institutional Investors Weigh In On Endava

A number of hedge funds have recently modified their holdings of DAVA. GAMMA Investing LLC raised its stake in Endava by 81.0% during the second quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock worth $26,000 after purchasing an additional 753 shares during the period. Jane Street Group LLC increased its holdings in shares of Endava by 16.1% during the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock worth $208,000 after buying an additional 1,482 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Endava by 733.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after buying an additional 1,680 shares during the period. Advisory Services Network LLC acquired a new position in Endava in the third quarter valued at approximately $28,000. Finally, Precision Wealth Strategies LLC lifted its holdings in Endava by 42.6% in the second quarter. Precision Wealth Strategies LLC now owns 18,003 shares of the company’s stock valued at $276,000 after acquiring an additional 5,381 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

About Endava

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.