Prescott Group Capital Management L.L.C. Acquires 606,927 Shares of Endava PLC Sponsored ADR $DAVA

Prescott Group Capital Management L.L.C. grew its holdings in Endava PLC Sponsored ADR (NYSE:DAVA) by 19.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,807,848 shares of the company’s stock after purchasing an additional 606,927 shares during the period. Prescott Group Capital Management L.L.C. owned about 6.77% of Endava worth $6,816,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Barometer Capital Management Inc. increased its stake in Endava by 32.5% in the 1st quarter. Barometer Capital Management Inc. now owns 106,300 shares of the company’s stock worth $470,000 after buying an additional 26,080 shares during the period. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Needham & Company LLC dropped coverage on shares of Endava in a research report on Monday, October 12th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Endava from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Tuesday, September 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Endava in a research note on Tuesday, September 8th. William Blair lowered Endava from a “market perform” rating to an “underperform” rating in a report on Tuesday, September 22nd. Finally, Zacks Research raised Endava from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $5.42.

Endava Stock Performance

Shares of NYSE:DAVA opened at $1.63 on Wednesday. The company has a market capitalization of $91.85 million, a price-to-earnings ratio of 5.45 and a beta of 1.07. Endava PLC Sponsored ADR has a 52 week low of $1.52 and a 52 week high of $9.47. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.13. The firm has a 50 day moving average of $2.33 and a 200 day moving average of $3.63.

More Endava News

Here are the key news stories impacting Endava this week:

• Neutral Sentiment: Endava appointed long-time insider Rob Machin as interim CEO. His 26 years at the company may offer continuity during a leadership transition, though the appointment does not resolve the broader concerns raised in recent coverage. Endava Turns to 26-Year Insider Rob Machin as Interim CEO
• Negative Sentiment: Several law firms publicized an existing securities class action against Endava. The suit alleges investors were misled during September 4, 2025–September 21, 2026, and follows a sharp share-price decline after the company disclosed management and potential accounting issues. The allegations have not been proven; the lead-plaintiff deadline is November 30, 2026. Repeated law-firm alerts largely reflect the same case, but the litigation adds reputational and potential legal-cost risks. Endava Securities Class Action Alert

About Endava

Endava plc (NYSE: DAVA) is a technology services company that helps organizations design, develop and modernize digital products, platforms and business processes. Its services include technology consulting, software engineering, cloud and infrastructure solutions, data and analytics, artificial intelligence, digital product development, and quality assurance and testing.

The company works with clients across industries including payments, banking and capital markets, insurance, telecommunications, media and technology, healthcare, mobility, and consumer products.