Jefferies Financial Group Inc. Acquires Shares of 314,473 Mitek Systems, Inc. (NASDAQ:MITK)

Jefferies Financial Group Inc. acquired a new stake in Mitek Systems, Inc. (NASDAQ:MITK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 314,473 shares of the software maker's stock, valued at approximately $3,500,000. Jefferies Financial Group Inc. owned approximately 0.70% of Mitek Systems at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Barclays PLC raised its stake in Mitek Systems by 5.0% in the fourth quarter. Barclays PLC now owns 82,142 shares of the software maker's stock valued at $914,000 after buying an additional 3,933 shares in the last quarter. Deutsche Bank AG raised its stake in Mitek Systems by 13.3% in the fourth quarter. Deutsche Bank AG now owns 150,579 shares of the software maker's stock valued at $1,676,000 after buying an additional 17,725 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Mitek Systems by 3.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,600 shares of the software maker's stock valued at $674,000 after buying an additional 1,803 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Mitek Systems by 1.5% in the fourth quarter. Ameriprise Financial Inc. now owns 655,656 shares of the software maker's stock valued at $7,297,000 after buying an additional 9,894 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in Mitek Systems in the fourth quarter valued at $272,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Mitek Systems Stock Performance

Shares of MITK stock traded up $0.18 during mid-day trading on Friday, hitting $9.36. 1,405,657 shares of the stock were exchanged, compared to its average volume of 563,736. The stock's fifty day simple moving average is $8.54 and its two-hundred day simple moving average is $9.39. The stock has a market capitalization of $423.48 million, a price-to-earnings ratio of 104.00 and a beta of 1.11. Mitek Systems, Inc. has a 12-month low of $6.93 and a 12-month high of $13.72. The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.59 and a current ratio of 4.59.

Mitek Systems (NASDAQ:MITK - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The software maker reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. The company had revenue of $51.93 million for the quarter, compared to analyst estimates of $47.21 million. Mitek Systems had a return on equity of 16.53% and a net margin of 2.59%. The business's revenue was up 10.4% on a year-over-year basis. On average, analysts forecast that Mitek Systems, Inc. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. HC Wainwright restated a "buy" rating and issued a $13.00 price target on shares of Mitek Systems in a research note on Tuesday, February 11th. Wall Street Zen upgraded Mitek Systems from a "buy" rating to a "strong-buy" rating in a research note on Friday. Finally, Maxim Group raised their price target on Mitek Systems from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "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.