Endava plc (NYSE:DAVA) Receives $109.25 Average Price Target from Brokerages

Endava plc (NYSE:DAVA) has received an average rating of “Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $109.25.

Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on Endava from $110.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, July 14th. Zacks Investment Research downgraded Endava from a “buy” rating to a “hold” rating in a research report on Tuesday, July 20th. Finally, Needham & Company LLC raised their price target on Endava from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 27th.

NYSE:DAVA traded down $4.92 during trading hours on Monday, hitting $117.77. 212,332 shares of the company’s stock traded hands, compared to its average volume of 161,136. The firm has a market cap of $6.25 billion, a P/E ratio of 149.08, a P/E/G ratio of 3.30 and a beta of 0.89. Endava has a 52 week low of $59.00 and a 52 week high of $143.50. The business’s fifty day simple moving average is $131.55 and its two-hundred day simple moving average is $109.65.

A number of large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its position in Endava by 17.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 549 shares of the company’s stock valued at $62,000 after acquiring an additional 81 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Endava by 3.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,470 shares of the company’s stock valued at $280,000 after acquiring an additional 90 shares in the last quarter. US Bancorp DE boosted its position in Endava by 10.6% during the 2nd quarter. US Bancorp DE now owns 1,163 shares of the company’s stock valued at $132,000 after acquiring an additional 111 shares in the last quarter. Commerce Bank boosted its position in Endava by 1.8% during the 1st quarter. Commerce Bank now owns 10,192 shares of the company’s stock valued at $863,000 after acquiring an additional 185 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its position in Endava by 0.9% during the 2nd quarter. Chartwell Investment Partners LLC now owns 20,627 shares of the company’s stock valued at $2,339,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 49.45% of the company’s stock.

About Endava

Endava Plc engages in the provision of technology services. It focuses on finance, insurance, telecommunications, media, and retail companies. The company was founded by John Edward Cotterell in 2000 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Endava (NYSE:DAVA)

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