Natixis Makes New $1.11 Million Investment in Mitek Systems, Inc. (NASDAQ:MITK)

Natixis acquired a new stake in shares of Mitek Systems, Inc. (NASDAQ:MITK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 100,000 shares of the software maker's stock, valued at approximately $1,113,000. Natixis owned about 0.22% of Mitek Systems as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Barclays PLC lifted its position in shares of Mitek Systems by 335.6% in the 3rd quarter. Barclays PLC now owns 78,209 shares of the software maker's stock valued at $679,000 after acquiring an additional 60,256 shares in the last quarter. State Street Corp raised its stake in Mitek Systems by 3.8% during the 3rd quarter. State Street Corp now owns 1,306,351 shares of the software maker's stock valued at $11,326,000 after purchasing an additional 47,418 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Mitek Systems by 15.5% in the third quarter. JPMorgan Chase & Co. now owns 262,956 shares of the software maker's stock valued at $2,280,000 after purchasing an additional 35,301 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Mitek Systems in the fourth quarter worth $114,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Mitek Systems in the fourth quarter worth $341,000. 83.64% of the stock is owned by institutional investors.

Mitek Systems Stock Up 0.2 %

NASDAQ MITK traded up $0.02 on Friday, reaching $8.32. The stock had a trading volume of 184,089 shares, compared to its average volume of 570,693. Mitek Systems, Inc. has a 1 year low of $6.93 and a 1 year high of $14.32. The business has a 50 day moving average price of $8.56 and a 200 day moving average price of $9.36. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $376.43 million, a price-to-earnings ratio of 92.44 and a beta of 1.15.

Mitek Systems (NASDAQ:MITK - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The software maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07). Mitek Systems had a net margin of 2.59% and a return on equity of 16.53%. On average, analysts forecast that Mitek Systems, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MITK. Maxim Group upped their price target on Mitek Systems from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. HC Wainwright reiterated a "buy" rating and issued a $13.00 target price on shares of Mitek Systems in a report on Tuesday, February 11th. Finally, StockNews.com cut shares of Mitek Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mitek Systems presently has a consensus rating of "Moderate Buy" and an average price target of $12.88.

Insider Activity

In related news, CEO Edward H. West bought 55,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $9.21 per share, for a total transaction of $506,550.00. Following the completion of the acquisition, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $506,550. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

Mitek Systems Profile

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.