Endava plc, known as DAVA in stock markets, is a leading next-generation technology services provider, helping accelerate disruption by delivering impactful strategies that blend technical expertise and an understanding of business processes. The company was founded in the United Kingdom in 2000 and has been listed on the New York Stock Exchange (NYSE) since 2018.
Endava operates in three segments: North America, Europe, and Latin America. The company offers a range of services, including digital transformation, agile transformation, automation, cloud, application development, and maintenance in industries including finance, insurance, telecommunications, media, technology, and retail. It operates across 10 countries with more than 20 offices around the world.
What sets Endava apart is its client-centric approach. Its technical depth and breadth enable it to guide customers through every stage of their digital transformation journey, from planning to implementation. The company has a track record for quality and speed, made possible by its global delivery model, leveraging the cultural, linguistic, and technical skills of its teams across different time zones.
Endava's commitment to innovation and digital excellence is evident in its continuous expansion and growth. The company has continuously increased its revenue year over year, reflecting its ability to stay ahead of the technology curve and deliver cutting-edge solutions that meet the ever-changing demands of its clients.
The company’s key to success is its focus on people- both employees and customers. Endava is known for its people-first approach- the company invests in its employees, providing opportunities for growth, learning, and development. Endava also ensures that its values align with those of its clients, fostering long-term partnerships.
In conclusion, Endava plc is a dynamic and forward-thinking technology services provider that is playing a pivotal role in driving digital transformation across various sectors. Its blend of technical expertise and deep industry insight, combined with a commitment to people-centric values and innovative approaches, sets the company apart and positions it well for ongoing growth in the increasingly digital world.
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Endava PLC Sponsored ADR (NYSE:DAVA) has received an average recommendation of "Reduce" from nine brokerages, with an average 12-month price target of $5.36. Recent analyst actions have been largely cautious, including a downgrade from William Blair and a price target cut from Deutsche Bank. The company's shares opened at $1.81, near their 52-week low, and institutional investors own 62.23% of the stock.
Endava plc has placed its Chief Financial Officer, Mark Thurston, on administrative leave following the initiation of an investigation by independent outside counsel into the company's accounting practices for certain customer and supplier agreements. The company has appointed Conor McShane of AlixPartners as interim CFO and announced a delay in releasing its fourth-quarter results until November 2nd. This comes after Endava reported an 8.4% year-on-year sales decline and a shift from profit to loss in its third-quarter results.
The Law Offices of Frank R. Cruz is continuing its investigation into Endava plc (DAVA) regarding potential federal securities law violations. This follows Endava's announcement on September 21, 2026, that its CFO, Mark Thurston, was placed on administrative leave pending an investigation into the company's accounting practices related to customer and supplier agreements. Following this news, Endava's shares fell significantly, injuring investors.
TD Cowen has reaffirmed its "Hold" rating for Endava (DAVA) with a $3.50 price target, despite the stock trading at $2.13. The company is facing heightened uncertainty due to an ongoing accounting investigation, the departure of its CFO, and multiple law firm inquiries into potential securities-law violations, leading to a generally weak analyst sentiment with a consensus "Reduce" rating. Various other firms have also adjusted their ratings and price targets, reflecting caution around Endava's future.