Endava (NYSE:DAVA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Endava Plc provides information technology services. It offers software engineering, cloud transformation, test automation, technology consulting and other related services. The company serves finance, insurance and healthcare, retail and consumer goods, media and technology and communication industry. Endava Plc is based in London, United Kingdom. “

A number of other equities analysts have also recently issued reports on the stock. Citigroup cut their target price on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, October 12th. Deutsche Bank began coverage on shares of Endava in a report on Wednesday, August 22nd. They issued a “hold” rating and a $29.00 target price on the stock. Credit Suisse Group began coverage on shares of Endava in a report on Tuesday, August 21st. They issued a “neutral” rating and a $27.00 target price on the stock. Morgan Stanley began coverage on shares of Endava in a report on Tuesday, August 21st. They issued a “weight” rating and a $29.00 target price on the stock. Finally, William Blair began coverage on shares of Endava in a report on Tuesday, August 21st. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.80.

Shares of NYSE DAVA opened at $23.95 on Friday. Endava has a 52-week low of $21.13 and a 52-week high of $31.50. The stock has a market capitalization of $1.27 billion and a price-to-earnings ratio of 33.73.

Endava (NYSE:DAVA) last issued its earnings results on Thursday, October 11th. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $8.37 million during the quarter. On average, equities analysts expect that Endava will post 0.72 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC acquired a new stake in shares of Endava in the third quarter valued at approximately $23,755,000. BlackRock Inc. acquired a new stake in shares of Endava in the third quarter valued at approximately $14,213,000. Wells Fargo & Company MN acquired a new stake in shares of Endava in the third quarter valued at approximately $5,996,000. AXA acquired a new stake in shares of Endava in the third quarter valued at approximately $3,144,000. Finally, Pendal Group Ltd acquired a new stake in shares of Endava in the third quarter valued at approximately $333,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Endava Company Profile

Endava plc provides IT service to finance, insurance and healthcare, retail and consumer goods, telecommunications, media, and technology industries in the United Kingdom. It offers architecture solutions; AI and Intelligent Automation, bots and natural language interfaces, and Robotic Process Automation; software engineering; testing solutions; cloud services; and application management services.

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