Endava (NYSE:DAVA) Price Target Lowered to $45.00 at Guggenheim

Endava (NYSE:DAVA) had its price target cut by Guggenheim from $55.00 to $45.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. TD Cowen dropped their price target 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 lowered 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. Wedbush lowered 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. JPMorgan Chase & Co. boosted their target price on shares of Endava from $41.00 to $47.00 and gave the stock an overweight rating in a research note on Friday, September 6th. Finally, 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. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Endava presently has an average rating of Moderate Buy and a consensus price target of $46.01.

Endava Stock Down 4.4 %

NYSE:DAVA opened at $31.97 on Monday. The company has a fifty day simple moving average of $30.70 and a two-hundred day simple moving average of $31.18. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 35.52 and a beta of 1.22. Endava has a 52 week low of $24.51 and a 52 week high of $81.06.

Hedge Funds Weigh In On Endava

Several large investors have recently bought and sold shares of the stock. Capital International Investors boosted its stake in Endava by 3.2% in the fourth quarter. Capital International Investors now owns 2,115,202 shares of the company’s stock valued at $164,668,000 after acquiring an additional 65,794 shares in the last quarter. CDAM UK Ltd raised its holdings in shares of Endava by 1.8% in the fourth quarter. CDAM UK Ltd now owns 1,451,449 shares of the company’s stock valued at $112,995,000 after buying an additional 25,570 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Endava by 2.0% in the first quarter. Wasatch Advisors LP now owns 1,262,478 shares of the company’s stock valued at $48,025,000 after buying an additional 24,699 shares during the last quarter. Capital World Investors raised its holdings in shares of Endava by 39.3% in the fourth quarter. Capital World Investors now owns 987,200 shares of the company’s stock valued at $76,854,000 after buying an additional 278,300 shares during the last quarter. Finally, Fourth Sail Capital LP purchased a new stake in shares of Endava in the first quarter valued at about $27,622,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Company Profile

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.