DAVA

HSBC Upgrades Endava plc - Depositary Receipt () (DAVA)

Fintel reports that on May 1, 2024, HSBC upgraded their outlook for Endava plc - Depositary Receipt () (NYSE:DAVA) from Hold to Buy.

Analyst Price Forecast Suggests 78.21% Upside

As of April 17, 2024, the average one-year price target for Endava plc - Depositary Receipt () is 51.68. The forecasts range from a low of 39.39 to a high of $69.30. The average price target represents an increase of 78.21% from its latest reported closing price of 29.00.

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 329 funds or institutions reporting positions in Endava plc - Depositary Receipt (). This is an increase of 32 owner(s) or 10.77% in the last quarter. Average portfolio weight of all funds dedicated to DAVA is 0.51%, an increase of 1.84%. Total shares owned by institutions increased in the last three months by 10.56% to 49,671K shares. DAVA / Endava plc - Depositary Receipt (Common Stock) Put/Call Ratios The put/call ratio of DAVA is 0.50, indicating a bullish outlook.

What are Other Shareholders Doing?

DAVA / Endava plc - Depositary Receipt (Common Stock) Shares Held by Institutions

Price T Rowe Associates holds 7,453K shares representing 12.80% ownership of the company. In its 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 its 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 its prior filing, the firm reported owning 1,019K shares , representing an increase of 65.74%. The firm increased its portfolio allocation in DAVA by 247.63% over the last quarter.

SMCWX - SMALLCAP WORLD FUND INC holds 2,412K shares representing 4.14% ownership of the company. In its 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 its 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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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