Horrell Capital Management Inc. Acquires 19,000 Shares of Endava plc (NYSE:DAVA)

Horrell Capital Management Inc. raised its holdings in Endava plc (NYSE:DAVA) by 12.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,000 shares of the company’s stock after buying an additional 19,000 shares during the period. Endava comprises approximately 1.5% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Horrell Capital Management Inc. owned approximately 0.29% of Endava worth $5,222,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in shares of Endava by 93.1% during 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 period. Blue Trust Inc. grew its position in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after purchasing an additional 331 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after purchasing an additional 745 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Endava by 60.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company’s stock worth $126,000 after purchasing an additional 1,538 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in Endava in the 4th quarter valued at $215,000. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Trading Up 1.2 %

Shares of Endava stock opened at $21.62 on Monday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava plc has a 12-month low of $20.50 and a 12-month high of $39.19. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 196.57, a PEG ratio of 2.26 and a beta of 1.42. The firm’s 50-day moving average price is $28.40 and its two-hundred day moving average price is $28.20.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $250.63 million for the quarter, compared to analyst estimates of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. On average, analysts forecast that Endava plc will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DAVA. Morgan Stanley increased their price objective on Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Susquehanna decreased their price target on shares of Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday, February 21st. Finally, Needham & Company LLC dropped their price objective on shares of Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Endava has a consensus rating of “Moderate Buy” and a consensus price target of $39.10.

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.