SG Americas Securities LLC purchased a new stake in shares of Mitek Systems, Inc. (NASDAQ:MITK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,036 shares of the software maker’s stock, valued at approximately $161,000. SG Americas Securities LLC owned 0.05% of Mitek Systems as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Engineers Gate Manager LP acquired a new position in Mitek Systems during the third quarter worth about $296,000. Strs Ohio grew its holdings in shares of Mitek Systems by 82.6% during the 4th quarter. Strs Ohio now owns 80,000 shares of the software maker’s stock worth $716,000 after purchasing an additional 36,200 shares in the last quarter. OxFORD Asset Management LLP grew its holdings in shares of Mitek Systems by 18.9% during the 3rd quarter. OxFORD Asset Management LLP now owns 285,070 shares of the software maker’s stock worth $2,720,000 after purchasing an additional 45,342 shares in the last quarter. State Street Corp grew its holdings in shares of Mitek Systems by 7.6% during the 2nd quarter. State Street Corp now owns 514,403 shares of the software maker’s stock worth $4,322,000 after purchasing an additional 36,397 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Mitek Systems by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,374,109 shares of the software maker’s stock worth $11,543,000 after purchasing an additional 65,065 shares in the last quarter. 46.62% of the stock is currently owned by institutional investors.
MITK has been the topic of several recent analyst reports. Zacks Investment Research raised Mitek Systems from a “sell” rating to a “hold” rating in a research note on Saturday, November 18th. BidaskClub lowered Mitek Systems from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 6th. Finally, National Securities initiated coverage on Mitek Systems in a research report on Friday, March 9th. They set a “buy” rating and a $14.00 target price for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.
Shares of Mitek Systems, Inc. (NASDAQ:MITK) traded down $0.20 during midday trading on Wednesday, reaching $8.10. The company had a trading volume of 244,064 shares, compared to its average volume of 380,463. The firm has a market capitalization of $289.69, a PE ratio of 22.83, a PEG ratio of 7.13 and a beta of 0.47. Mitek Systems, Inc. has a 1 year low of $5.65 and a 1 year high of $10.75.
Mitek Systems (NASDAQ:MITK) last released its quarterly earnings data on Thursday, January 25th. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Mitek Systems had a return on equity of 9.45% and a net margin of 18.57%. The firm had revenue of $12.14 million for the quarter, compared to analyst estimates of $11.57 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. equities analysts forecast that Mitek Systems, Inc. will post 0.08 earnings per share for the current year.
In other news, insider Stephen Ritter sold 11,976 shares of Mitek Systems stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $7.50, for a total value of $89,820.00. Following the completion of the transaction, the insider now directly owns 215,961 shares of the company’s stock, valued at approximately $1,619,707.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James B. Debello sold 28,361 shares of Mitek Systems stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $8.91, for a total value of $252,696.51. Following the completion of the transaction, the chief executive officer now directly owns 844,726 shares of the company’s stock, valued at $7,526,508.66. The disclosure for this sale can be found here. Company insiders own 7.50% of the company’s stock.
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About Mitek Systems
Mitek Systems, Inc develops, markets and sells mobile capture and identity verification software solutions for enterprise customers. The Company’s technology allows users to remotely deposit checks, open accounts, get insurance quotes, pay bills, as well as verify their identity by taking pictures of various documents with their camera-equipped smartphones and tablets instead of using the device keyboard.
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