Horrell Capital Management Inc. Purchases 19,000 Shares of Endava plc (NYSE:DAVA)

Horrell Capital Management Inc. raised its position in shares of Endava plc (NYSE:DAVA - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 169,000 shares of the company's stock after purchasing an additional 19,000 shares during the period. Endava accounts for approximately 1.5% of Horrell Capital Management Inc.'s portfolio, making the stock its 21st largest holding. Horrell Capital Management Inc. owned 0.29% of Endava worth $5,222,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DAVA. Assetmark Inc. grew its stake in shares of Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after acquiring an additional 475 shares during the period. Blue Trust Inc. lifted its holdings in Endava by 28.5% during the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock valued at $46,000 after purchasing an additional 331 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock valued at $50,000 after purchasing an additional 745 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Endava by 60.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock worth $126,000 after purchasing an additional 1,538 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Endava in the fourth quarter worth about $215,000. 62.23% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of analysts recently commented on the stock. Susquehanna dropped their price target on shares of Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a research note on Friday, February 21st. Morgan Stanley increased their target price on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, Needham & Company LLC reduced their price target on Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $39.10.

Endava Price Performance

NYSE:DAVA traded down $0.75 during trading hours on Friday, hitting $19.93. 478,770 shares of the company's stock traded hands, compared to its average volume of 498,362. Endava plc has a 52 week low of $19.77 and a 52 week high of $38.05. The business's fifty day simple moving average is $27.32 and its two-hundred day simple moving average is $27.90. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.18 billion, a P/E ratio of 181.15, a P/E/G ratio of 2.26 and a beta of 1.42.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.18). The business had revenue of $250.63 million for the quarter, compared to the consensus estimate of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. On average, research analysts anticipate that Endava plc will post 0.57 earnings per share for the current fiscal year.

Endava Company 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.