Endava plc (NYSE:DAVA) Stake Raised by Horrell Capital Management Inc.

Horrell Capital Management Inc. raised its position in Endava plc (NYSE:DAVA - Free Report) by 76.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,000 shares of the company's stock after purchasing an additional 65,000 shares during the period. Endava comprises about 1.1% of Horrell Capital Management Inc.'s investment portfolio, making the stock its 28th largest position. Horrell Capital Management Inc. owned about 0.26% of Endava worth $3,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAVA. BNP Paribas Financial Markets increased its position in Endava by 5.6% during the 1st quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company's stock worth $353,000 after purchasing an additional 495 shares in the last quarter. Precision Wealth Strategies LLC increased its position in Endava by 6.7% during the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company's stock worth $219,000 after purchasing an additional 540 shares in the last quarter. Signaturefd LLC increased its position in Endava by 84.1% during the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company's stock worth $50,000 after purchasing an additional 886 shares in the last quarter. Portside Wealth Group LLC increased its position in Endava by 7.7% during the 2nd quarter. Portside Wealth Group LLC now owns 15,268 shares of the company's stock worth $446,000 after purchasing an additional 1,090 shares in the last quarter. Finally, Blue Trust Inc. acquired a new stake in Endava during the 3rd quarter worth approximately $30,000. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Endava Stock Performance

Shares of NYSE DAVA traded up $0.93 during midday trading on Tuesday, reaching $25.53. 421,644 shares of the company traded hands, compared to its average volume of 528,773. Endava plc has a 52 week low of $23.28 and a 52 week high of $81.06. The stock has a 50-day moving average price of $28.06 and a 200 day moving average price of $28.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 28.11 and a beta of 1.21.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.13). Endava had a return on equity of 2.76% and a net margin of 2.30%. The business had revenue of $245.30 million during the quarter, compared to the consensus estimate of $248.65 million. Sell-side analysts anticipate that Endava plc will post 0.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on DAVA. Susquehanna lowered their price objective on shares of Endava from $66.00 to $55.00 and set a "positive" rating for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. raised their price objective on Endava from $41.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Guggenheim reduced their price objective on Endava from $55.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, September 16th. Needham & Company LLC dropped their target price on Endava from $42.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday, September 20th. Finally, Citigroup dropped their target price on Endava from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Endava has an average rating of "Moderate Buy" and a consensus price target of $41.71.

About Endava

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.