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

Horrell Capital Management Inc. grew its stake in shares of Endava plc (NYSE:DAVA) by 12.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 169,000 shares of the company’s stock after acquiring an additional 19,000 shares during the period. Endava makes up approximately 1.5% of Horrell Capital Management Inc.’s portfolio, making the stock its 21st biggest position. Horrell Capital Management Inc.’s holdings in Endava were worth $5,222,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. raised its holdings in Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company’s stock valued at $30,000 after buying an additional 475 shares during the last quarter. Blue Trust Inc. grew its holdings in Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after acquiring an additional 331 shares during the last quarter. GAMMA Investing LLC increased its position in Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after acquiring an additional 745 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Endava by 60.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company’s stock valued at $126,000 after acquiring an additional 1,538 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Endava during the fourth quarter worth $215,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Endava Stock Up 1.2 %

Shares of Endava stock opened at $21.62 on Monday. The stock’s 50-day moving average is $28.40 and its 200 day moving average is $28.20. Endava plc has a one year low of $20.50 and a one year high of $39.19. The firm has a market cap 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 company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90.

Endava (NYSE:DAVA) last issued 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 business had revenue of $250.63 million during the quarter, compared to analyst estimates of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. Equities research analysts anticipate that Endava plc will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Morgan Stanley increased their price objective on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Susquehanna reduced their price target on Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Friday, February 21st. Finally, Needham & Company LLC lowered their price objective on Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.10.

Endava 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.