Endava PLC – (NYSE:DAVA) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $29.40.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Endava from a “strong-buy” rating to a “hold” rating in a report on Monday, May 6th. Morgan Stanley lifted their price target on Endava from $33.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday, May 22nd.
Institutional investors have recently made changes to their positions in the company. State of Tennessee Treasury Department acquired a new stake in shares of Endava during the 1st quarter valued at about $54,000. Morgan Stanley lifted its holdings in shares of Endava by 179.9% during the 1st quarter. Morgan Stanley now owns 3,012 shares of the company’s stock valued at $83,000 after buying an additional 1,936 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Endava during the 1st quarter valued at about $162,000. Acadian Asset Management LLC acquired a new stake in shares of Endava during the 1st quarter valued at about $217,000. Finally, Pendal Group Ltd lifted its holdings in Endava by 27.8% in the 4th quarter. Pendal Group Ltd now owns 14,710 shares of the company’s stock worth $357,000 after purchasing an additional 3,197 shares during the last quarter. Institutional investors and hedge funds own 13.74% of the company’s stock.
Endava (NYSE:DAVA) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The business had revenue of $73.06 million during the quarter, compared to analyst estimates of $71.82 million. Endava had a return on equity of 30.34% and a net margin of 9.59%. The firm’s revenue was up 24.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 EPS. As a group, equities research analysts forecast that Endava will post 0.68 earnings per share for the current year.
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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