Endava (NYSE:DAVA) Issues FY 2026 Earnings Guidance

Endava (NYSE:DAVA) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.100-1.180 for the period, compared to the consensus estimate of 0.400. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $968.4 million. Endava also updated its Q3 2026 guidance to 0.250-0.290 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Endava from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. William Blair lowered Endava from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. reduced their price objective on Endava from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Needham & Company LLC cut their price target on shares of Endava from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Finally, Wall Street Zen raised shares of Endava from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.14.

Endava Trading Up 3.2%

Shares of NYSE:DAVA opened at $5.26 on Thursday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. Endava has a 12-month low of $4.84 and a 12-month high of $33.29. The business has a 50 day moving average of $6.33 and a two-hundred day moving average of $8.42. The company has a market capitalization of $295.38 million, a PE ratio of 26.28 and a beta of 1.26.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Endava during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its holdings in Endava by 733.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after purchasing an additional 1,680 shares during the period. Quadrant Capital Group LLC grew its holdings in Endava by 901.8% in the fourth quarter. Quadrant Capital Group LLC now owns 6,101 shares of the company’s stock valued at $39,000 after purchasing an additional 5,492 shares during the period. Vident Advisory LLC purchased a new stake in shares of Endava in the fourth quarter valued at approximately $68,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Endava during the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Company Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.