Endava plc (NYSE:DAVA) Shares Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. grew its stake in Endava plc (NYSE:DAVA - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 411,139 shares of the company's stock after purchasing an additional 69,135 shares during the quarter. Endava makes up approximately 1.7% of Prescott Group Capital Management L.L.C.'s holdings, making the stock its 7th biggest holding. Prescott Group Capital Management L.L.C. owned about 0.70% of Endava worth $12,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Assetmark Inc. grew its position in shares of Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after buying an additional 475 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock valued at $46,000 after buying an additional 786 shares during the last quarter. Blue Trust Inc. grew its position in shares of Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after buying an additional 331 shares during the last quarter. State of Tennessee Department of Treasury bought a new stake in shares of Endava during the 4th quarter valued at about $100,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Endava by 60.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock valued at $126,000 after buying an additional 1,538 shares during the last quarter. Institutional investors and hedge funds own 62.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DAVA shares. Guggenheim lowered their price objective on shares of Endava from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Cowen cut shares of Endava from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Needham & Company LLC decreased their target price on shares of Endava from $22.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Morgan Stanley upped their target price on shares of Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, Susquehanna decreased their target price on shares of Endava from $50.00 to $42.00 and set a "positive" rating for the company in a research report on Tuesday, May 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $26.75.

Endava Price Performance

Shares of NYSE:DAVA traded down $0.28 during trading on Friday, reaching $15.15. The company had a trading volume of 578,514 shares, compared to its average volume of 536,016. The firm's fifty day moving average is $17.80 and its 200 day moving average is $25.08. The firm has a market capitalization of $894.02 million, a PE ratio of 138.71, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. Endava plc has a twelve month low of $14.00 and a twelve month high of $34.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90.

Endava Profile

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.