Strs Ohio Raises Position in Mitek Systems, Inc. (MITK)

Strs Ohio raised its holdings in shares of Mitek Systems, Inc. (NASDAQ:MITK) by 82.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,000 shares of the software maker’s stock after buying an additional 36,200 shares during the period. Strs Ohio’s holdings in Mitek Systems were worth $716,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Mitek Systems by 5.0% during the second 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 in the last quarter. Thomson Horstmann & Bryant Inc. boosted its holdings in Mitek Systems by 12.5% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 654,553 shares of the software maker’s stock worth $5,858,000 after buying an additional 72,755 shares in the last quarter. State Street Corp lifted its position in shares of Mitek Systems by 7.6% in the 2nd quarter. State Street Corp now owns 514,403 shares of the software maker’s stock valued at $4,322,000 after acquiring an additional 36,397 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Mitek Systems in the 3rd quarter valued at approximately $4,185,000. Finally, Essex Investment Management Co. LLC lifted its position in shares of Mitek Systems by 17.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 364,736 shares of the software maker’s stock valued at $3,465,000 after acquiring an additional 52,937 shares in the last quarter. Hedge funds and other institutional investors own 43.75% of the company’s stock.

In other Mitek Systems news, CEO James B. Debello sold 33,903 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $8.56, for a total value of $290,209.68. Following the completion of the sale, the chief executive officer now owns 962,229 shares in the company, valued at approximately $8,236,680.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Clark Sarah sold 7,741 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $8.56, for a total transaction of $66,262.96. Following the completion of the sale, the vice president now owns 110,271 shares of the company’s stock, valued at approximately $943,919.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 156,443 shares of company stock valued at $1,361,155. 8.52% of the stock is owned by insiders.

Shares of Mitek Systems, Inc. (NASDAQ MITK) opened at $7.15 on Friday. The company has a market cap of $260.03, a P/E ratio of 53.21, a P/E/G ratio of 6.21 and a beta of 0.46. Mitek Systems, Inc. has a 12-month low of $5.50 and a 12-month 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 Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business had revenue of $12.14 million during the quarter, compared to the consensus estimate of $11.57 million. Mitek Systems had a net margin of 18.57% and a return on equity of 9.45%. The firm’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. sell-side analysts forecast that Mitek Systems, Inc. will post 0.08 earnings per share for the current year.

Several equities research analysts recently commented on MITK shares. Zacks Investment Research downgraded shares of Mitek Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. BidaskClub downgraded shares of Mitek Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, December 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Mitek Systems presently has an average rating of “Hold” and an average target price of $11.50.

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Mitek Systems Profile

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

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