2 weeks Ago By ABMN Staff
LPL Financial LLC lowered its stake in Mitek Systems, Inc. ( NASDAQ:MITK – Free Report ) by 35.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 40,052 shares of the software maker’s stock after selling 22,003 shares during the quarter. LPL Financial LLC’s holdings in Mitek Systems were worth $446,000 at the end of the most recent quarter. Several other hedge funds also recently bought and sold shares of the stock.
KLP Kapitalforvaltning AS acquired a new position in shares of Mitek Systems in the 4th quarter worth approximately $105,000. Semanteon Capital Management LP purchased a new stake in Mitek Systems in the fourth quarter valued at approximately $341,000. Tocqueville Asset Management L.
P. lifted its stake in Mitek Systems by 45.4% during the fourth quarter.
Tocqueville Asset Management L.P. now owns 256,300 shares of the software maker’s stock worth $2,853,000 after purchasing an additional 80,000 shares in the last quarter.
Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Mitek Systems during the fourth quarter worth $1,259,000. Finally, Raymond James Financial Inc.
acquired a new stake in shares of Mitek Systems in the fourth quarter valued at $341,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.
Wall Street Analyst Weigh In MITK has been the topic of several research reports. HC Wainwright reissued a “buy” rating and set a $13.00 target price on shares of Mitek Systems in a research note on Tuesday, February 11th.
StockNews.com cut shares of Mitek Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Maxim Group lifted their price objective on shares of Mitek Systems from $13.
00 to $14.00 and gave the company a “buy” rating 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 company’s stock.
According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.88.
Mitek Systems Trading Up 0.2 % MITK opened at $8.32 on Friday.
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 stock has a market capitalization of $376.43 million, a price-to-earnings ratio of 92.
44 and a beta of 1.15. The business has a fifty day moving average price of $8.
56 and a 200 day moving average price of $9.35. Mitek Systems, Inc.
has a 12 month low of $6.93 and a 12 month high of $14.32.
Mitek Systems ( NASDAQ:MITK – Get Free Report ) last released its earnings results on Monday, February 10th. The software maker reported $0.06 earnings per share 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%. Sell-side analysts expect that Mitek Systems, Inc.
will post 0.59 earnings per share for the current fiscal year. Insider Activity In other Mitek Systems news, CEO Edward H.
West bought 55,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average price of $9.21 per share, with a total value of $506,550.
00. Following the completion of the acquisition, the chief executive officer now directly owns 55,000 shares of the company’s stock, valued at $506,550. This represents a ∞ increase in their position.
The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . Company insiders own 2.10% of the company’s stock.
Mitek Systems Company 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. Featured Stories Want to see what other hedge funds are holding MITK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Mitek Systems, Inc. ( NASDAQ:MITK – Free Report ). Receive News & Ratings for Mitek Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitek Systems and related companies with MarketBeat.
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