Thompson Siegel & Walmsley LLC lowered its position in Mitek Systems, Inc. (NASDAQ:MITK - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 517,484 shares of the software maker's stock after selling 239,376 shares during the period. Thompson Siegel & Walmsley LLC owned about 1.14% of Mitek Systems worth $5,760,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC acquired a new stake in shares of Mitek Systems in the 3rd quarter valued at approximately $60,000. Y Intercept Hong Kong Ltd acquired a new stake in Mitek Systems in the fourth quarter valued at $114,000. Intech Investment Management LLC acquired a new stake in Mitek Systems in the third quarter valued at $117,000. Lazari Capital Management Inc. purchased a new stake in shares of Mitek Systems during the 4th quarter worth $117,000. Finally, Kingsview Wealth Management LLC grew its stake in shares of Mitek Systems by 16.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 20,646 shares of the software maker's stock worth $230,000 after purchasing an additional 2,865 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.
Mitek Systems Price Performance
MITK traded down $0.09 during midday trading on Tuesday, reaching $9.03. 352,420 shares of the company's stock were exchanged, compared to its average volume of 590,902. The business's 50-day moving average price is $9.86 and its 200 day moving average price is $9.46. The stock has a market capitalization of $408.55 million, a PE ratio of 100.33 and a beta of 1.08. Mitek Systems, Inc. has a 1-year low of $7.35 and a 1-year high of $16.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.59 and a quick ratio of 4.59.
Mitek Systems (NASDAQ:MITK - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts anticipate that Mitek Systems, Inc. will post 0.59 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts recently commented on MITK shares. Maxim Group raised their price objective on shares of Mitek Systems from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. StockNews.com lowered Mitek Systems from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $13.00 price objective on shares of Mitek Systems 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.88.
Check Out Our Latest Research Report on Mitek Systems
Insider Activity at Mitek Systems
In other news, CEO Edward H. West bought 55,000 shares of Mitek Systems 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 acquisition, the chief executive officer now owns 55,000 shares in the company, valued at approximately $506,550. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.10% of the company's stock.
About Mitek Systems
(
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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