300,000 Shares in Mitek Systems, Inc. (NASDAQ:MITK) Acquired by 4D Advisors LLC

4D Advisors LLC acquired a new position in Mitek Systems, Inc. (NASDAQ:MITK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 300,000 shares of the software maker's stock, valued at approximately $3,339,000. Mitek Systems accounts for 2.3% of 4D Advisors LLC's investment portfolio, making the stock its 21st biggest holding. 4D Advisors LLC owned 0.66% of Mitek Systems at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MITK. Quarry LP purchased a new stake in shares of Mitek Systems during the fourth quarter valued at approximately $31,000. Canada Pension Plan Investment Board bought a new position in shares of Mitek Systems in the 4th quarter worth about $39,000. Avior Wealth Management LLC boosted its stake in Mitek Systems by 24.7% in the fourth quarter. Avior Wealth Management LLC now owns 8,595 shares of the software maker's stock valued at $96,000 after acquiring an additional 1,700 shares during the period. KLP Kapitalforvaltning AS bought a new position in Mitek Systems during the 4th quarter worth $105,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Mitek Systems during the fourth quarter worth about $114,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Mitek Systems Stock Performance

Shares of NASDAQ MITK traded up $0.18 during mid-day trading on Monday, hitting $8.42. The company had a trading volume of 292,804 shares, compared to its average volume of 567,197. The business's 50-day simple moving average is $8.40 and its 200-day simple moving average is $9.33. 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 firm has a market cap of $380.95 million, a P/E ratio of 93.56 and a beta of 1.15. 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 announced its quarterly earnings results on Monday, February 10th. The software maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07). Mitek Systems had a net margin of 2.59% and a return on equity of 16.53%. As a group, analysts predict that Mitek Systems, Inc. will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Mitek Systems

In other Mitek Systems news, CEO Edward H. West purchased 55,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $9.21 per share, with a total value of $506,550.00. Following the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MITK shares. HC Wainwright reissued a "buy" rating and set a $13.00 price target on shares of Mitek Systems in a report on Tuesday, February 11th. Maxim Group boosted their price target 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. Finally, StockNews.com lowered Mitek Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.88.

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.