Prescott Group Capital Management L.L.C. lowered its position in Endava PLC Sponsored ADR (NYSE:DAVA - Free Report) by 28.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 292,139 shares of the company's stock after selling 119,000 shares during the quarter. Endava comprises about 0.8% of Prescott Group Capital Management L.L.C.'s portfolio, making the stock its 22nd largest position. Prescott Group Capital Management L.L.C. owned 0.49% of Endava worth $5,700,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after buying an additional 786 shares during the period. State of Tennessee Department of Treasury purchased a new position in Endava in the 4th quarter worth about $100,000. Investors Research Corp purchased a new position in Endava in the 1st quarter worth about $217,000. Precision Wealth Strategies LLC increased its stake in Endava by 41.0% in the 1st quarter. Precision Wealth Strategies LLC now owns 12,622 shares of the company's stock worth $246,000 after buying an additional 3,668 shares during the period. Finally, Portside Wealth Group LLC increased its stake in Endava by 5.7% in the 1st quarter. Portside Wealth Group LLC now owns 13,145 shares of the company's stock worth $256,000 after buying an additional 711 shares during the period. Hedge funds and other institutional investors own 62.23% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. Guggenheim reiterated a "buy" rating and set a $25.00 target price on shares of Endava in a report on Tuesday, June 10th. Susquehanna dropped their target price on shares of Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Endava in a report on Thursday, July 17th. They set a "hold" rating and a $14.00 target price on the stock. Wall Street Zen upgraded shares of Endava from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, TD Cowen cut shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 target price on the stock. in a report on Thursday, May 15th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Endava currently has an average rating of "Hold" and a consensus target price of $25.22.
Read Our Latest Stock Report on DAVA
Endava Stock Down 4.1%
NYSE:DAVA opened at $14.54 on Friday. Endava PLC Sponsored ADR has a fifty-two week low of $13.12 and a fifty-two week high of $34.94. The stock has a market capitalization of $858.36 million, a P/E ratio of 38.27, a P/E/G ratio of 1.40 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.18 and a current ratio of 2.18. The company's 50-day simple moving average is $14.95 and its 200-day simple moving average is $21.07.
Endava Profile
(
Free Report)
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.
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