Highlights

  • Analysts give Endava PLC (NYSE:DAVA) a consensus “Hold” recommendation.
  • JPMorgan, Guggenheim, and Needham adjust price targets following recent updates.
  • Institutional investors show minor changes in Endava’s latest quarterly holdings.

Endava PLC Sponsored ADR (NYSE:DAVA) has received a consensus rating of “Hold” from ten analysts, according to Marketbeat data. Among them, one analyst rated the stock as “Sell”, six as “Hold”, and three as “Buy”. The average 12-month price target across these reports stands at USD 20.00.

Brokerage Updates on Endava

Multiple research firms recently issued updates on Endava:

  • JPMorgan Chase & Co. trimmed its target price from USD 18.00 to USD 17.00, keeping a “Neutral” stance.
  • Wall Street Zen downgraded the stock from “Buy” to “Hold” in mid-August.
  • Cowen reiterated its “Hold” rating in early September.
  • Needham & Company LLC reduced its price objective from USD 20.00 to USD 12.00 while maintaining a “Buy” outlook.
  • Guggenheim cut its target from USD 20.00 to USD 18.00 and issued a “Buy” rating in September.

The variations in analyst opinions reflect differing assessments of the company’s near-term growth trajectory and market positioning.

Institutional Activity

Recent filings show several small-scale institutional movements in Endava shares:

  • Quantbot Technologies LP initiated a new position valued at around USD 25,000.
  • GAMMA Investing LLC increased its holdings by 81%, now owning 1,683 shares.
  • EverSource Wealth Advisors LLC lifted its position by over 730%, now holding 1,909 shares.
  • State of Wyoming and Smartleaf Asset Management LLC also expanded their stakes in the company.

Currently, institutional investors and hedge funds collectively hold about 62.23% of Endava’s outstanding shares.

Company Overview

Endava PLC provides technology and digital transformation services across multiple industries, including financial services, healthcare, telecommunications, and retail.
The company operates in North America, Europe, and the United Kingdom, offering services such as product design, analytics, IT strategy, and artificial intelligence integration.