Endava (NYSE:DAVA) had its price target hoisted by investment analysts at Morgan Stanley from $33.00 to $37.00 in a research note issued to investors on Wednesday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 2.07% from the company’s previous close.

Separately, Zacks Investment Research downgraded shares of Endava from a “hold” rating to a “sell” rating in a research note on Monday, February 18th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.17.

Shares of DAVA stock traded up $0.04 on Wednesday, hitting $36.25. The company’s stock had a trading volume of 200 shares, compared to its average volume of 88,512. Endava has a fifty-two week low of $21.13 and a fifty-two week high of $36.50. The company has a market capitalization of $1.74 billion and a PE ratio of 51.06.

Endava (NYSE:DAVA) last released its quarterly earnings results on Thursday, February 28th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.09. The business had revenue of $92.41 million during the quarter, compared to analyst estimates of $76.46 million. On average, equities research analysts anticipate that Endava will post 0.85 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley lifted its position in Endava by 179.9% during the first quarter. Morgan Stanley now owns 3,012 shares of the company’s stock worth $83,000 after purchasing an additional 1,936 shares during the period. State of Tennessee Treasury Department bought a new stake in Endava during the first quarter worth about $54,000. Pendal Group Ltd lifted its position in Endava by 19.4% during the first quarter. Pendal Group Ltd now owns 17,566 shares of the company’s stock worth $483,000 after purchasing an additional 2,856 shares during the period. Lord Abbett & CO. LLC lifted its position in Endava by 1.8% during the fourth quarter. Lord Abbett & CO. LLC now owns 297,773 shares of the company’s stock worth $7,219,000 after purchasing an additional 5,196 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in Endava during the first quarter worth about $162,000. 12.56% of the stock is owned by institutional investors and hedge funds.

About Endava

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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Analyst Recommendations for Endava (NYSE:DAVA)

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