Prescott Group Capital Management L.L.C. Has $12.70 Million Position in Endava plc (NYSE:DAVA)

Prescott Group Capital Management L.L.C. raised its position in shares of Endava plc (NYSE:DAVA - Free Report) by 20.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 411,139 shares of the company's stock after buying an additional 69,135 shares during the quarter. Endava comprises approximately 0.8% of Prescott Group Capital Management L.L.C.'s portfolio, making the stock its 8th biggest position. Prescott Group Capital Management L.L.C. owned 0.70% of Endava worth $12,704,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after buying an additional 475 shares during the last quarter. Blue Trust Inc. boosted its holdings in Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after acquiring an additional 331 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after acquiring an additional 745 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Endava during the fourth quarter valued at $215,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in shares of Endava in the 4th quarter worth about $222,000. Institutional investors own 62.23% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Susquehanna cut their price objective on shares of Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a research report on Friday, February 21st. TD Cowen raised their price target on shares of Endava from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Needham & Company LLC decreased their price objective on shares of Endava from $43.00 to $38.00 and set a "buy" rating for the company in a report on Friday, February 21st. Morgan Stanley increased their target price on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, Bank of America began coverage on Endava in a report on Friday, November 22nd. They issued a "neutral" rating and a $29.00 target price for the company. 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, Endava presently has an average rating of "Moderate Buy" and an average price target of $39.10.

Remove Ads

Endava Stock Performance

Endava stock traded down $0.26 during mid-day trading on Tuesday, reaching $21.52. 342,373 shares of the stock traded hands, compared to its average volume of 489,932. Endava plc has a 12-month low of $21.09 and a 12-month high of $40.65. The business's 50-day moving average is $30.14 and its 200-day moving average is $28.84. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $1.27 billion, a PE ratio of 195.64, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42.

Endava (NYSE:DAVA - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The business had revenue of $250.63 million for the quarter, compared to analysts' expectations of $197.33 million. As a group, sell-side analysts predict that Endava plc will post 0.57 EPS 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.