Endava (NYSE:DAVA) Releases FY 2026 Earnings Guidance

Endava (NYSE:DAVA) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.080-1.190 for the period, compared to the consensus earnings per share estimate of 0.480. The company issued revenue guidance of $992.3 million-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Endava also updated its Q2 2026 guidance to 0.200-0.230 EPS.

Endava Price Performance

NYSE DAVA opened at $7.34 on Thursday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.31. The company has a market cap of $412.30 million, a PE ratio of 36.68 and a beta of 1.18. Endava has a 52 week low of $6.64 and a 52 week high of $34.94. The firm’s 50-day simple moving average is $9.10 and its two-hundred day simple moving average is $12.94.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Endava in a research report on Thursday, July 17th. They issued a “hold” rating and a $14.00 price target for the company. Weiss Ratings restated a “sell (d)” rating on shares of Endava in a research note on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Endava in a research report on Friday, September 5th. JPMorgan Chase & Co. lowered their price target on shares of Endava from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Needham & Company LLC cut their price objective on shares of Endava from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.38.

Institutional Trading of Endava

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC purchased a new position in shares of Endava during the third quarter worth approximately $2,356,000. Invesco Ltd. boosted its stake in shares of Endava by 6.4% in the 2nd quarter. Invesco Ltd. now owns 3,661,123 shares of the company’s stock valued at $56,088,000 after purchasing an additional 220,465 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Endava by 128.3% during the 2nd quarter. Sei Investments Co. now owns 269,725 shares of the company’s stock valued at $4,132,000 after purchasing an additional 151,600 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Endava by 14.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 105,048 shares of the company’s stock worth $1,609,000 after purchasing an additional 13,490 shares during the period. Finally, Geode Capital Management LLC bought a new stake in Endava in the second quarter worth $205,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

About Endava

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.