77,296 Shares in Mitek Systems, Inc. (NASDAQ:MITK) Purchased by LSV Asset Management

LSV Asset Management acquired a new stake in shares of Mitek Systems, Inc. (NASDAQ:MITKFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 77,296 shares of the software maker’s stock, valued at approximately $1,008,000.

A number of other hedge funds have also recently modified their holdings of MITK. Covestor Ltd lifted its position in Mitek Systems by 32.3% during the 3rd quarter. Covestor Ltd now owns 6,107 shares of the software maker’s stock valued at $65,000 after acquiring an additional 1,492 shares during the period. Principal Financial Group Inc. boosted its position in shares of Mitek Systems by 30.1% in the 3rd quarter. Principal Financial Group Inc. now owns 17,136 shares of the software maker’s stock worth $184,000 after purchasing an additional 3,960 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Mitek Systems by 60.3% in the 4th quarter. New York State Common Retirement Fund now owns 21,077 shares of the software maker’s stock worth $275,000 after buying an additional 7,929 shares during the last quarter. Private Advisor Group LLC bought a new position in Mitek Systems during the 3rd quarter valued at approximately $306,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in Mitek Systems during the fourth quarter valued at $332,000. Institutional investors own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MITK. HC Wainwright reissued a “buy” rating and issued a $19.00 target price on shares of Mitek Systems in a research note on Tuesday, April 16th. StockNews.com upgraded shares of Mitek Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. Finally, Craig Hallum raised their price objective on shares of Mitek Systems from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th.

Check Out Our Latest Research Report on Mitek Systems

Mitek Systems Stock Performance

MITK stock opened at $13.38 on Friday. The stock has a market capitalization of $626.06 million, a PE ratio of -191.14 and a beta of 1.12. The stock’s 50 day simple moving average is $12.97 and its 200 day simple moving average is $12.19. Mitek Systems, Inc. has a 12-month low of $9.28 and a 12-month high of $16.24. The company has a current ratio of 4.70, a quick ratio of 4.70 and a debt-to-equity ratio of 0.64.

Mitek Systems (NASDAQ:MITKGet Free Report) last released its quarterly earnings data on Monday, April 15th. The software maker reported $0.08 EPS for the quarter. Mitek Systems had a positive return on equity of 13.13% and a negative net margin of 1.97%. The company had revenue of $36.92 million for the quarter. As a group, research analysts forecast that Mitek Systems, Inc. will post 0.78 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Mitek Systems (NASDAQ:MITK)

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