Citigroup Downgrades Endava plc - Depositary Receipt () (DAVA)
Fintel reports that on March 1, 2024, Citigroup downgraded their outlook for Endava plc - Depositary Receipt () (NYSE:DAVA) from Buy to Neutral .
Analyst Price Forecast Suggests 97.61% Upside
As of February 24, 2024, the average one-year price target for Endava plc - Depositary Receipt () is 77.26. The forecasts range from a low of 53.53 to a high of $94.50. The average price target represents an increase of 97.61% from its latest reported closing price of 39.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Endava plc - Depositary Receipt () is 1,095MM, an increase of 43.08%. The projected annual non-GAAP EPS is 3.05.
What is the Fund Sentiment?
There are 331 funds or institutions reporting positions in Endava plc - Depositary Receipt (). This is an increase of 52 owner(s) or 18.64% in the last quarter. Average portfolio weight of all funds dedicated to DAVA is 0.51%, an increase of 10.97%. Total shares owned by institutions increased in the last three months by 15.73% to 50,123K shares. 
The put/call ratio of DAVA is 0.10, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 7,453K shares representing 12.80% ownership of the company. In it's prior filing, the firm reported owning 8,838K shares, representing a decrease of 18.57%. The firm increased its portfolio allocation in DAVA by 4.97% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 5,125K shares representing 8.80% ownership of the company. In it's prior filing, the firm reported owning 6,920K shares, representing a decrease of 35.02%. The firm decreased its portfolio allocation in DAVA by 5.20% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 2,974K shares representing 5.11% ownership of the company. In it's prior filing, the firm reported owning 1,019K shares, representing an increase of 65.74%. The firm increased its portfolio allocation in DAVA by 2.65% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 2,412K shares representing 4.14% ownership of the company. In it's prior filing, the firm reported owning 2,073K shares, representing an increase of 14.05%. The firm increased its portfolio allocation in DAVA by 39.61% over the last quarter.
Bamco holds 2,356K shares representing 4.04% ownership of the company. In it's prior filing, the firm reported owning 2,455K shares, representing a decrease of 4.19%. The firm increased its portfolio allocation in DAVA by 19.42% over the last quarter.
Endava Background Information
(This description is provided by the company.)
Endava is a leading next-generation technology services provider and helps accelerate disruption by delivering rapid evolution to enterprises. Using distributed enterprise agile at scale, Endava collaborates with its clients, seamlessly integrating with their teams, catalysing ideation and delivering robust solutions. Endava helps its clients become digital, experience-driven businesses by assisting them in their journey from idea generation to development and deployment of products, platforms and solutions. It services clients in the following industries: Payments and Financial Services, TMT and 'Other,' which includes Consumer Products, Retail, Logistics and Healthcare. Endava had 6,624 employees (including directors) as of June 30, 2020 located in offices in North America and Western Europe and delivery centres in Romania, Moldova, Bulgaria, Serbia, North Macedonia, Argentina, Uruguay, Venezuela, and Colombia.
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This story originally appeared on Fintel.