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DAVA · NYSE · Information Technology Services

Endava (ADR) (DAVA)

Technology services delivered through a distributed, AI-native transformation model.

$2.12
vs last close−0.68 (−24.19%)
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Endava plcDAVA
Information Technology

Provides technology services through distributed delivery teams, with client work framed as AI-native transformation. Its multi-region footprint and acquisitions have broadened geographic and sector capability.

Delivers technology services through a distributed, delivery-heavy workforce. Rather than a standalone product line, the model centers on services performed by teams. London-rooted client work is framed around technology-driven transformation and an AI-native approach.

Delivery operations span Europe, North America, Latin America, Asia-Pacific, and the Middle East. Acquisitions have added capabilities and presence in Asia-Pacific, North American healthcare, India, Poland, and digital entertainment. These deals broadened its geographic and sector capability.

Founder John Cotterell remains chief executive. Training is intended to build technical and soft skills across the delivery workforce.

Company facts

CEOJohn Cotterell
ListedJul 27, 2018
ExchangeNYSE
HeadquartersLondon, United Kingdom
CountryUnited Kingdom
Employees11,479
CIK0001656081
ISINUS29260V1052

Market cap$149.5M
EPS (ttm)−$10.65
P/E (ttm)−0.2621
ROE-88.3%
P/B0.6481
P/S0.1535
Dividend yieldDiv yield
Beta1.02vs XLK −0.39

Price target$4.00+43.4%Average of 16 analysts
ConsensusHold10 of 16 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 22, 2026William BlairDowngrade
Rating: Market Perform
Rating: Underperform
Jul 10, 2026Deutsche BankTarget
Target: $53
Target: $3
May 27, 2026GuggenheimDowngrade
Rating: Buy
Rating: Neutral
May 22, 2026CLSATarget
Target:
Target: $5
May 22, 2026JP MorganDowngrade
Rating: Neutral
Rating: Underweight

Next report
Sep 24, 26
in 2 days
EPS estimate
$0.15
Revenue estimate
$243.3M
Fiscal quarter
Q4 FY26

EPSReportedEstimate

Nov '24Feb '25May '25Sep '25Nov '25Feb '26May '26Sep '26
Reported$0.33$0.38$0.44$0.33$0.20$0.22$0.07Pending
Estimate$0.29$0.32$0.40$0.32$0.25$0.21$0.27$0.15
Surprise+13.8%+18.8%+10.2%+4.2%−20.0%+4.3%−74.1%

RevenueReportedEstimate

Nov '24Feb '25May '25Sep '25Nov '25Feb '26May '26Sep '26
Reported$260.8M$244.7M$251.6M$256.4M$239.5M$248.0M$236.0MPending
Estimate$260.2M$245.3M$255.2M$256.4M$244.7M$186.4M$242.8M$243.3M
Surprise+0.2%−0.3%−1.4%0.0%−2.1%+33.0%−2.8%
Estimate$0.15
ReportedDue Sep 24, 2026
Estimate$243.3M
ReportedDue Sep 24, 2026
View details

Debt to equity138.20%
Current ratio206.50%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$259.3M$260.1M$260.8M$259.8M$249.1M$237.6M$242.3M$243.3M
Net income−$2.5M$3.0M$9.1M$14.6M$1.6M−$10.9M−$9.1M−$537.5M
Net margin0.0%1.2%3.5%5.6%0.6%0.0%0.0%0.0%

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income$1.7M$6.3M$2.2M$21.9M$11.6M−$3.9M−$5.6M−$8.2M
YoY growth−94.5%−70.9%−63.8%Turned profit+596.9%Turned lossTurned lossTurned loss

Balance sheet, Mar 31, 2026Cash & short-term investments $64.8M · Total debt $318.2M · Total assets $718.6M · Shareholders' equity $230.2M

Revenue
$243.3M
Operating income
−$8.2M
Net income
−$537.5M

Reported in GBP, converted at the latest exchange rate

View details

No dividends on record.

Institutions34.13%18.29M ADS
82 holders · as of Jun 30, 2026
Other65.87%35.29M ADS
remainder

53.57M ADS as of Aug 28, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Jun 2024 annual report; nothing newer is on file here.

The share count has not been confirmed by a second filing; stakes use it as it stands.

Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

This company has 3 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
T. Rowe Price Investment Management, Inc.Institution
7.59%4.06M ADSas of Jun 30, 2026
Prescott Group Capital Management, L.L.C.Institution
5.97%3.20M ADSas of Jun 30, 2026
Paradice Investment Management LLCInstitution
5.50%2.95M ADSas of Jun 30, 2026
Cdam (UK) LtdInstitution
4.43%2.37M ADSas of Jun 30, 2026
Acadian Asset Management LLCInstitution
2.92%1.56M ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 30, 2026Ben Druskindirector−244$2.89
Jun 30, 2026David Alexander Pattillodirector−269$2.89
Jun 30, 2026Kathryn A. Hollisterdirector−261$2.89
Jun 30, 2026Patrick Butcherdirector−533$2.88
Apr 1, 2026Patrick Butcherdirector−554$4.43
View details

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Compare

CompanyPriceChange
Endava (ADR)$2.12−24.19%$149.5M2.80.2−6.2%
Accenture$184.36−0.94%$113.89B14.912.81.6+5.6%
EPAM Systems$112.16−0.86%$5.91B15.38.31.1+4.5%
Globant$35.22−1.73%$1.55B14.15.90.6+0.0%
Cognizant Technology Solutions$58.88−0.84%$26.75B12.89.71.2+4.5%
Grid Dynamics$7.86+2.08%$624.7M283.116.81.5+7.0%
Median14.99.71.2+4.5%