Semanteon Capital Management LP bought a new position in shares of Mitek Systems, Inc. (NASDAQ:MITK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,665 shares of the software maker's stock, valued at approximately $341,000. Semanteon Capital Management LP owned about 0.07% of Mitek Systems at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in MITK. Barclays PLC boosted its holdings 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 buying an additional 60,256 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Mitek Systems by 357.0% in the third quarter. BNP Paribas Financial Markets now owns 82,578 shares of the software maker's stock valued at $716,000 after acquiring an additional 64,509 shares during the last quarter. State Street Corp grew its position in shares of Mitek Systems by 3.8% in the 3rd quarter. State Street Corp now owns 1,306,351 shares of the software maker's stock valued at $11,326,000 after acquiring an additional 47,418 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Mitek Systems by 15.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 262,956 shares of the software maker's stock worth $2,280,000 after purchasing an additional 35,301 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Mitek Systems by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 130,781 shares of the software maker's stock valued at $1,134,000 after purchasing an additional 2,460 shares during the period. Institutional investors own 83.64% of the company's stock.
Insider Transactions at Mitek Systems
In related news, CEO Edward H. West bought 55,000 shares of Mitek Systems stock in a transaction dated 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 acquisition, the chief executive officer now owns 55,000 shares in the company, valued at $506,550. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.10% of the company's stock.
Mitek Systems Stock Performance
NASDAQ MITK traded down $0.18 on Wednesday, reaching $8.83. The stock had a trading volume of 348,466 shares, compared to its average volume of 588,264. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.59 and a quick ratio of 4.59. The company has a market cap of $399.50 million, a P/E ratio of 98.11 and a beta of 1.08. The firm has a fifty day moving average of $9.69 and a two-hundred day moving average of $9.47. Mitek Systems, Inc. has a 1-year low of $7.35 and a 1-year high of $16.24.
Mitek Systems (NASDAQ:MITK - Get Free Report) last released its quarterly earnings results 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%. On average, equities research analysts anticipate that Mitek Systems, Inc. will post 0.59 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on MITK. Maxim Group boosted their price target on Mitek Systems from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. HC Wainwright reiterated a "buy" rating and issued a $13.00 price objective 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 research note on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Mitek Systems has a consensus rating of "Moderate Buy" and a consensus price target of $12.88.
Get Our Latest Report on Mitek Systems
Mitek Systems Profile
(
Free Report)
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.
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