Prescott Group Capital Management L.L.C. Has $10.15 Million Holdings in Endava PLC Sponsored ADR $DAVA

Prescott Group Capital Management L.L.C. lifted its position in shares of Endava PLC Sponsored ADR (NYSE:DAVA) by 32.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,606,324 shares of the company’s stock after purchasing an additional 389,970 shares during the quarter. Endava accounts for approximately 0.9% of Prescott Group Capital Management L.L.C.’s investment portfolio, making the stock its 17th largest holding. Prescott Group Capital Management L.L.C.’s holdings in Endava were worth $10,152,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Endava during the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its holdings in shares of Endava by 733.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after purchasing an additional 1,680 shares in the last quarter. Perennial Advisors LLC acquired a new stake in shares of Endava during the 4th quarter worth approximately $63,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Endava by 22.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,411 shares of the company’s stock worth $85,000 after purchasing an additional 2,493 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Endava during the 4th quarter worth approximately $97,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Stock Up 1.9%

DAVA opened at $4.03 on Thursday. The firm’s 50-day simple moving average is $4.40 and its 200-day simple moving average is $5.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.39 and a current ratio of 2.39. Endava PLC Sponsored ADR has a twelve month low of $3.61 and a twelve month high of $17.36. The firm has a market cap of $226.30 million, a price-to-earnings ratio of -36.60 and a beta of 1.11.

Analyst Upgrades and Downgrades

DAVA has been the topic of several recent analyst reports. Needham & Company LLC decreased their price target on Endava from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. TD Cowen decreased their price target on Endava from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. JPMorgan Chase & Co. reduced their target price on shares of Endava from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Guggenheim lowered their target price on shares of Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Wall Street Zen raised shares of Endava from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.50.

Endava Company 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.