Integrated Quantitative Investments LLC Makes New $381,000 Investment in Mitek Systems, Inc. (NASDAQ:MITK)

Integrated Quantitative Investments LLC acquired a new position in Mitek Systems, Inc. (NASDAQ:MITK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 34,200 shares of the software maker's stock, valued at approximately $381,000. Integrated Quantitative Investments LLC owned approximately 0.08% of Mitek Systems at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Intech Investment Management LLC purchased a new stake in Mitek Systems in the 3rd quarter worth approximately $117,000. Charles Schwab Investment Management Inc. boosted its position in Mitek Systems by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 130,781 shares of the software maker's stock worth $1,134,000 after acquiring an additional 2,460 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Mitek Systems by 357.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 82,578 shares of the software maker's stock worth $716,000 after purchasing an additional 64,509 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Mitek Systems by 4.0% in the 3rd quarter. Janus Henderson Group PLC now owns 73,752 shares of the software maker's stock worth $640,000 after acquiring an additional 2,806 shares during the last quarter. Finally, State Street Corp raised its stake in Mitek Systems by 3.8% during the third quarter. State Street Corp now owns 1,306,351 shares of the software maker's stock worth $11,326,000 after purchasing an additional 47,418 shares during the period. 83.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mitek Systems

In other Mitek Systems news, CEO Edward H. West purchased 55,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $9.21 per share, with a total value of $506,550.00. Following the transaction, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $506,550. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by company insiders.

Mitek Systems Price Performance

MITK traded down $0.40 on Thursday, reaching $7.58. The company had a trading volume of 83,409 shares, compared to its average volume of 520,746. Mitek Systems, Inc. has a one year low of $6.93 and a one year high of $16.24. The company has a market capitalization of $342.95 million, a P/E ratio of 84.23 and a beta of 1.15. The company has a fifty day moving average of $9.13 and a 200-day moving average of $9.41. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 0.73.

Mitek Systems (NASDAQ:MITK - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The software maker reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). Mitek Systems had a return on equity of 16.53% and a net margin of 2.59%. As a group, equities research analysts anticipate that Mitek Systems, Inc. will post 0.59 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Maxim Group raised their target price on Mitek Systems from $13.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. StockNews.com lowered Mitek Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, HC Wainwright reissued a "buy" rating and set a $13.00 price objective on shares of Mitek Systems in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.88.

About Mitek Systems

Mitek Systems, Inc provides mobile image capture and digital identity verification solutions worldwide. Its product portfolio includes Mobile Deposit that enables individuals and businesses to remotely deposit checks using their camera-equipped smartphone or tablet; Mobile Verify, an identity verification solution that is integrated into mobile apps, mobile websites, and desktop applications; and Mobile Fill, which includes automatic image capture, minimizes the numbers of clicks, and expedites form fill completion.