Prescott Group Capital Management L.L.C. Buys 389,970 Shares of Endava PLC Sponsored ADR $DAVA

Prescott Group Capital Management L.L.C. lifted its stake in Endava PLC Sponsored ADR (NYSE:DAVA) by 32.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,606,324 shares of the company’s stock after acquiring an additional 389,970 shares during the period. Endava accounts for about 0.9% of Prescott Group Capital Management L.L.C.’s investment portfolio, making the stock its 17th largest position. Prescott Group Capital Management L.L.C. owned approximately 2.86% of Endava worth $10,152,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Invesco Ltd. raised its stake in shares of Endava by 6.4% in the 2nd quarter. Invesco Ltd. now owns 3,661,123 shares of the company’s stock valued at $56,088,000 after acquiring an additional 220,465 shares in the last quarter. Paradice Investment Management LLC raised its stake in shares of Endava by 61.9% in the 4th quarter. Paradice Investment Management LLC now owns 3,029,847 shares of the company’s stock valued at $19,149,000 after acquiring an additional 1,157,921 shares in the last quarter. UBS Group AG raised its stake in shares of Endava by 128.4% in the 3rd quarter. UBS Group AG now owns 756,082 shares of the company’s stock valued at $6,880,000 after acquiring an additional 425,106 shares in the last quarter. Sei Investments Co. raised its stake in shares of Endava by 16.0% in the 3rd quarter. Sei Investments Co. now owns 312,847 shares of the company’s stock valued at $2,847,000 after acquiring an additional 43,122 shares in the last quarter. Finally, Barclays PLC acquired a new stake in Endava in the 3rd quarter valued at approximately $2,356,000. 62.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DAVA shares. Guggenheim lowered their target price on Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Wall Street Zen raised Endava from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. TD Cowen lowered their target price on Endava from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Endava in a report on Tuesday, April 7th. Finally, Needham & Company LLC lowered their target price on Endava from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Endava has an average rating of “Hold” and an average target price of $9.50.

Endava Stock Performance

DAVA opened at $4.03 on Thursday. Endava PLC Sponsored ADR has a 12-month low of $3.61 and a 12-month high of $17.36. The firm has a market capitalization of $226.30 million, a P/E ratio of -36.60 and a beta of 1.11. The stock’s 50 day moving average price is $4.40 and its two-hundred day moving average price is $5.68. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.36.

Endava Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.