Endava (NYSE:DAVA) Announces Quarterly Earnings Results, Misses Expectations By $0.20 EPS

Endava (NYSE:DAVA) announced its quarterly earnings data on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.20), FiscalAI reports. Endava had a negative net margin of 0.51% and a positive return on equity of 5.16%. The business had revenue of $236.44 million for the quarter, compared to analysts’ expectations of $242.79 million. Endava updated its Q4 2026 guidance to 0.120-0.180 EPS and its FY 2026 guidance to 0.610-0.660 EPS.

Endava Trading Up 1.9%

DAVA opened at $4.03 on Thursday. Endava has a one year low of $3.61 and a one year high of $17.36. The stock has a market capitalization of $226.30 million, a PE ratio of -36.60 and a beta of 1.11. The business’s 50 day moving average price is $4.40 and its 200 day moving average price is $5.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.39 and a current ratio of 2.39.

Analyst Upgrades and Downgrades

DAVA has been the subject of a number of analyst reports. Wall Street Zen upgraded Endava from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. TD Cowen dropped their price target on Endava from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Needham & Company LLC dropped their price target on Endava from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. JPMorgan Chase & Co. dropped their price target on Endava from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Finally, Guggenheim dropped their price target on Endava from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. acquired a new position in Endava in the fourth quarter valued at approximately $24,563,000. Vident Advisory LLC acquired a new position in Endava in the fourth quarter valued at approximately $68,000. State of Tennessee Department of Treasury lifted its holdings in Endava by 102.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 73,091 shares of the company’s stock valued at $462,000 after acquiring an additional 36,992 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in Endava by 56.6% in the fourth quarter. Quadrature Capital Ltd now owns 87,177 shares of the company’s stock valued at $551,000 after acquiring an additional 31,491 shares during the last quarter. Finally, Millennium Management LLC lifted 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 acquiring an additional 4,342 shares during the last quarter. 62.23% of the stock is currently owned by institutional investors and hedge funds.

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.