SG Americas Securities LLC purchased a new stake in shares of Mitek Systems, Inc. (NASDAQ:MITK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,036 shares of the software maker’s stock, valued at approximately $161,000. SG Americas Securities LLC owned 0.05% of Mitek Systems as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Engineers Gate Manager LP acquired a new position in shares of Mitek Systems in the 3rd quarter valued at $296,000. Strs Ohio increased its position in Mitek Systems by 82.6% in the 4th quarter. Strs Ohio now owns 80,000 shares of the software maker’s stock worth $716,000 after buying an additional 36,200 shares during the period. OxFORD Asset Management LLP increased its position in Mitek Systems by 18.9% in the 3rd quarter. OxFORD Asset Management LLP now owns 285,070 shares of the software maker’s stock worth $2,720,000 after buying an additional 45,342 shares during the period. State Street Corp increased its position in Mitek Systems by 7.6% in the 2nd quarter. State Street Corp now owns 514,403 shares of the software maker’s stock worth $4,322,000 after buying an additional 36,397 shares during the period. Finally, Vanguard Group Inc. increased its position in Mitek Systems by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,374,109 shares of the software maker’s stock worth $11,543,000 after buying an additional 65,065 shares during the period. 46.62% of the stock is currently owned by institutional investors.
In related news, CEO James B. Debello sold 28,361 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $8.91, for a total transaction of $252,696.51. Following the sale, the chief executive officer now owns 844,726 shares of the company’s stock, valued at approximately $7,526,508.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen Ritter sold 11,976 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $7.50, for a total value of $89,820.00. Following the sale, the insider now directly owns 215,961 shares in the company, valued at approximately $1,619,707.50. The disclosure for this sale can be found here. 7.50% of the stock is owned by company insiders.
Mitek Systems, Inc. (MITK) traded down $0.20 during trading hours on Wednesday, reaching $8.10. The company’s stock had a trading volume of 244,064 shares, compared to its average volume of 380,463. The firm has a market capitalization of $289.69, a PE ratio of 22.83, a price-to-earnings-growth ratio of 7.13 and a beta of 0.47. Mitek Systems, Inc. has a 1 year low of $5.65 and a 1 year high of $10.75.
Mitek Systems (NASDAQ:MITK) last issued its quarterly earnings results on Thursday, January 25th. The software maker reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $12.14 million during the quarter, compared to analysts’ expectations of $11.57 million. Mitek Systems had a return on equity of 9.45% and a net margin of 18.57%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 earnings per share. equities analysts predict that Mitek Systems, Inc. will post 0.08 earnings per share for the current year.
Several analysts have recently weighed in on MITK shares. BidaskClub lowered Mitek Systems from a “sell” rating to a “strong sell” rating in a report on Friday, December 29th. Zacks Investment Research lowered Mitek Systems from a “hold” rating to a “sell” rating in a research note on Friday, December 8th. Finally, National Securities initiated coverage on Mitek Systems in a research note on Friday, March 9th. They issued a “buy” rating and a $14.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.
About Mitek Systems
Mitek Systems, Inc develops, markets and sells mobile capture and identity verification software solutions for enterprise customers. The Company’s technology allows users to remotely deposit checks, open accounts, get insurance quotes, pay bills, as well as verify their identity by taking pictures of various documents with their camera-equipped smartphones and tablets instead of using the device keyboard.
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