Endava (NYSE:DAVA) Price Target Increased to $47.00 by Analysts at JPMorgan Chase & Co.

Endava (NYSE:DAVA) had its price objective increased by JPMorgan Chase & Co. from $41.00 to $47.00 in a report released on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Guggenheim cut their target price on shares of Endava from $60.00 to $55.00 and set a buy rating for the company in a research note on Friday, May 24th. TD Cowen cut their target price on shares of Endava from $46.00 to $42.00 and set a buy rating for the company in a research note on Friday, May 24th. Needham & Company LLC cut their target price on shares of Endava from $50.00 to $42.00 and set a buy rating for the company in a research note on Friday, May 24th. Redburn Atlantic began coverage on shares of Endava in a research note on Friday, May 24th. They set a neutral rating and a $33.10 target price for the company. Finally, Wedbush cut their target price on shares of Endava from $65.00 to $50.00 and set an outperform rating for the company in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Endava has a consensus rating of Moderate Buy and an average target price of $47.01.

Endava Trading Down 0.3 %

Shares of Endava stock opened at $30.43 on Friday. The firm has a fifty day simple moving average of $30.38 and a 200-day simple moving average of $33.10. Endava has a 1-year low of $24.51 and a 1-year high of $81.06. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 33.93 and a beta of 1.22.

Institutional Investors Weigh In On Endava

A number of institutional investors have recently added to or reduced their stakes in DAVA. US Bancorp DE lifted its position in shares of Endava by 2,113.9% during the 4th quarter. US Bancorp DE now owns 16,427 shares of the company’s stock worth $1,279,000 after buying an additional 15,685 shares during the period. George Kaiser Family Foundation bought a new position in shares of Endava during the first quarter valued at $1,136,000. SG Americas Securities LLC bought a new position in shares of Endava during the first quarter valued at $832,000. Neuberger Berman Group LLC acquired a new stake in shares of Endava in the 4th quarter valued at $1,837,000. Finally, Natixis Advisors L.P. grew its holdings in shares of Endava by 8.1% in the 4th quarter. Natixis Advisors L.P. now owns 44,782 shares of the company’s stock worth $3,486,000 after purchasing an additional 3,347 shares during the last quarter. 62.23% 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, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.