Mirae Asset Global Investments Co. Ltd. Sells 1,146 Shares of Mitek Systems, Inc. (NASDAQ:MITK)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Mitek Systems, Inc. (NASDAQ:MITK) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,730 shares of the software maker’s stock after selling 1,146 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.15% of Mitek Systems worth $909,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MITK. Total Clarity Wealth Management Inc. bought a new stake in shares of Mitek Systems during the 3rd quarter worth $136,000. Inspire Investing LLC purchased a new stake in Mitek Systems in the 3rd quarter worth about $614,000. Allspring Global Investments Holdings LLC increased its holdings in Mitek Systems by 77.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 429,271 shares of the software maker’s stock worth $4,602,000 after acquiring an additional 186,746 shares during the last quarter. Wisconsin Capital Management LLC increased its holdings in Mitek Systems by 0.6% in the 3rd quarter. Wisconsin Capital Management LLC now owns 328,600 shares of the software maker’s stock worth $3,523,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in Mitek Systems by 3.2% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 144,224 shares of the software maker’s stock worth $1,546,000 after acquiring an additional 4,454 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

Mitek Systems Stock Up 2.1 %

MITK stock opened at $12.94 on Wednesday. The company has a quick ratio of 4.70, a current ratio of 4.70 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $605.48 million, a PE ratio of -184.86 and a beta of 1.09. Mitek Systems, Inc. has a twelve month low of $8.77 and a twelve month high of $16.24. The stock has a 50-day simple moving average of $12.70 and a two-hundred day simple moving average of $12.01.

Mitek Systems (NASDAQ:MITK) last posted its earnings results on Monday, April 15th. The software maker reported $0.08 earnings per share for the quarter. The business had revenue of $36.92 million during the quarter. Mitek Systems had a positive return on equity of 13.13% and a negative net margin of 1.97%. On average, equities analysts predict that Mitek Systems, Inc. will post 0.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MITK shares. Craig Hallum lifted their price objective on Mitek Systems from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com raised Mitek Systems from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. Finally, HC Wainwright reissued a “buy” rating and issued a $19.00 price objective on shares of Mitek Systems in a report on Tuesday, April 16th.

Mitek Systems Company 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.