Endava (NYSE:DAVA) Shares Gap Down to $138.70

Endava plc (NYSE:DAVA) shares gapped down prior to trading on Monday . The stock had previously closed at $138.70, but opened at $134.84. Endava shares last traded at $132.29, with a volume of 6,042 shares trading hands.

Several equities analysts recently issued reports on the stock. Susquehanna Bancshares boosted their target price on shares of Endava from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Thursday, May 20th. TheStreet upgraded shares of Endava from a “c” rating to a “b-” rating in a research note on Wednesday, May 19th. Morgan Stanley boosted their target price on shares of Endava from $93.00 to $102.00 and gave the company an “equal weight” rating in a research note on Thursday, May 20th. Zacks Investment Research lowered shares of Endava from a “buy” rating to a “hold” rating in a report on Tuesday, July 20th. Finally, Needham & Company LLC boosted their price target on shares of Endava from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 27th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Endava has a consensus rating of “Buy” and an average target price of $110.11.

The firm has a market cap of $7.22 billion, a PE ratio of 172.26, a price-to-earnings-growth ratio of 3.73 and a beta of 0.89. The stock’s fifty day moving average price is $129.57 and its 200-day moving average price is $106.93.

Several institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Endava by 38.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,363,121 shares of the company’s stock worth $381,311,000 after buying an additional 938,800 shares in the last quarter. Grandeur Peak Global Advisors LLC grew its holdings in shares of Endava by 2.4% during the second quarter. Grandeur Peak Global Advisors LLC now owns 1,648,218 shares of the company’s stock worth $186,875,000 after buying an additional 38,825 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Endava by 1.9% during the second quarter. Wasatch Advisors Inc. now owns 1,211,065 shares of the company’s stock worth $137,311,000 after buying an additional 22,087 shares in the last quarter. Capital International Investors grew its holdings in shares of Endava by 129.9% during the second quarter. Capital International Investors now owns 1,117,062 shares of the company’s stock worth $126,652,000 after buying an additional 631,247 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of Endava by 14.5% during the first quarter. Lord Abbett & CO. LLC now owns 952,600 shares of the company’s stock worth $80,676,000 after buying an additional 120,927 shares in the last quarter. 49.45% of the stock is owned by institutional investors and hedge funds.

About Endava (NYSE:DAVA)

Endava Plc engages in the provision of technology services. It focuses on finance, insurance, telecommunications, media, and retail companies. The company was founded by John Edward Cotterell in 2000 and is headquartered in London, the United Kingdom.

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