SCHEDULE: Prescott Group Discloses Stake in Endava plc

Prescott Group Capital Management and affiliated entities report beneficial ownership of 5.4% of Endava plc's American Depositary Shares.

Summary

• Prescott Group Capital Management, L.L.C. and its affiliated entities, including Prescott Group Aggressive Small Cap, L.P., Prescott Group Aggressive Small Cap II, L.P., Prescott Group Aggressive Small Cap Master Fund GP, Prescott Group Aggressive Mid Cap, L.P., and Mr. Phil Frohlich, have filed a Schedule 13G.
• As of May 11, 2026, these entities collectively beneficially own 2,123,698 American Depositary Shares (ADSs) of Endava plc.
• This holding represents approximately 5.4% of Endava plc's outstanding Class A Ordinary Shares.
• The shares are held across various funds managed by Prescott Capital, with Mr. Frohlich having control over voting and disposition decisions.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of ownership and does not provide new operational or financial information about Endava plc.

Positives

• Significant stake disclosed by a notable investment group, potentially indicating confidence in Endava's future prospects.
• The filing confirms that the holdings are for ordinary course of business, suggesting a passive investment approach rather than an activist one.

Negatives

• The filing does not contain financial performance data or strategic updates, limiting the assessment of the company's operational health.
• The disclosure is from an external investor, not an internal company report, so it does not reflect management's direct view on performance.

Risks

• Potential for increased market activity or volatility if Prescott Group decides to alter its stake or investment strategy.
• The filing does not detail specific risks associated with Endava plc's business operations, only the nature of the reporting entity's investment.

Future Outlook

The filing itself does not contain forward-looking statements or guidance from Endava plc. It is a disclosure of beneficial ownership by an investment group.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in publicly traded companies. This filing indicates that Prescott Group has taken a notable position in Endava plc, a global provider of technology services and software product development.

Stakeholder Impact

• Shareholders: The disclosure may signal increased institutional interest in Endava plc, potentially influencing share price dynamics. It also clarifies a significant ownership block.
• Management: The company's management will be aware of Prescott Group's substantial stake, which could influence future strategic discussions or board composition if the stake were to increase significantly.
• Investors: Other investors can use this information to understand the ownership structure and the presence of a significant investment firm.

Next Steps

• Monitor future filings from Prescott Group for any changes in their stake or investment strategy.
• Observe Endava plc's future performance and strategic announcements for context on this investment.

Key Dates

Keywords

Endava plc, Schedule 13G, Prescott Group, American Depositary Shares, ADS, Beneficial Ownership, Investment, Securities Filing, Class A Ordinary Shares, Phil Frohlich