XTX Topco Ltd Makes New $348,000 Investment in Mitek Systems, Inc. (NASDAQ:MITK)

XTX Topco Ltd bought a new position in shares of Mitek Systems, Inc. (NASDAQ:MITK - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 31,229 shares of the software maker's stock, valued at approximately $348,000. XTX Topco Ltd owned about 0.07% of Mitek Systems at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its holdings in shares of Mitek Systems by 24.7% during the fourth quarter. Avior Wealth Management LLC now owns 8,595 shares of the software maker's stock valued at $96,000 after acquiring an additional 1,700 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Mitek Systems during the 4th quarter valued at approximately $105,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Mitek Systems in the fourth quarter worth $114,000. Lazari Capital Management Inc. acquired a new stake in shares of Mitek Systems during the fourth quarter worth $117,000. Finally, Kingsview Wealth Management LLC lifted its stake in shares of Mitek Systems by 16.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 20,646 shares of the software maker's stock worth $230,000 after buying an additional 2,865 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Mitek Systems Stock Performance

NASDAQ:MITK traded up $0.02 during mid-day trading on Friday, hitting $8.32. The company's stock had a trading volume of 184,089 shares, compared to its average volume of 570,693. The business's fifty day moving average is $8.56 and its two-hundred day moving average is $9.36. The stock has a market cap of $376.43 million, a price-to-earnings ratio of 92.44 and a beta of 1.15. 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, Inc. has a 1 year low of $6.93 and a 1 year high of $14.32.

Mitek Systems (NASDAQ:MITK - Get Free Report) last posted its 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 return on equity of 16.53% and a net margin of 2.59%. Analysts anticipate that Mitek Systems, Inc. will post 0.59 EPS for the current fiscal year.

Insider Activity

In other news, CEO Edward H. West acquired 55,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was acquired at an average price of $9.21 per share, for a total transaction of $506,550.00. Following the completion of the transaction, the chief executive officer now owns 55,000 shares in the company, valued at approximately $506,550. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

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

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.