Endava (NYSE:DAVA) Releases Q3 2026 Earnings Guidance

Endava (NYSE:DAVA) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.250-0.290 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $249.3 million-$253.5 million, compared to the consensus revenue estimate of $247.2 million. Endava also updated its FY 2026 guidance to 1.100-1.180 EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Endava from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Zacks Research raised shares of Endava from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Wall Street Zen upgraded Endava from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. JPMorgan Chase & Co. dropped their price objective on Endava from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Finally, Needham & Company LLC reduced their price objective on Endava from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.14.

Endava Price Performance

Shares of DAVA stock opened at $5.26 on Thursday. The company has a market cap of $295.38 million, a P/E ratio of 26.28 and a beta of 1.26. The stock’s 50-day moving average is $6.33 and its 200 day moving average is $8.42. Endava has a 1-year low of $4.84 and a 1-year high of $33.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.18 and a quick ratio of 2.18.

Institutional Trading of Endava

Several large investors have recently added to or reduced their stakes in DAVA. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Endava during the fourth quarter worth about $9,586,000. Invenomic Capital Management LP purchased a new stake in shares of Endava in the 4th quarter valued at $4,691,000. UBS Group AG boosted its holdings in shares of Endava by 128.4% in the 3rd quarter. UBS Group AG now owns 756,082 shares of the company’s stock valued at $6,880,000 after acquiring an additional 425,106 shares during the last quarter. Mak Capital One LLC acquired a new stake in shares of Endava in the fourth quarter worth $1,789,000. Finally, Barclays PLC raised its holdings in shares of Endava by 100.1% during the fourth quarter. Barclays PLC now owns 517,985 shares of the company’s stock worth $3,274,000 after purchasing an additional 259,058 shares during the last quarter. Hedge funds and other institutional investors 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.