Jefferies Financial Group Inc. Buys New Position in Mitek Systems, Inc. (NASDAQ:MITK)

Jefferies Financial Group Inc. bought a new position in shares of Mitek Systems, Inc. (NASDAQ:MITK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 314,473 shares of the software maker's stock, valued at approximately $3,500,000. Jefferies Financial Group Inc. owned about 0.70% of Mitek Systems at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Mitek Systems by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,798,287 shares of the software maker's stock worth $20,016,000 after buying an additional 112,513 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Mitek Systems by 534.4% during the 4th quarter. Invesco Ltd. now owns 1,722,099 shares of the software maker's stock worth $19,167,000 after acquiring an additional 1,450,652 shares during the period. Marshall Wace LLP boosted its position in shares of Mitek Systems by 2,115.7% during the 4th quarter. Marshall Wace LLP now owns 859,123 shares of the software maker's stock valued at $9,562,000 after acquiring an additional 820,349 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of 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 purchasing an additional 9,894 shares during the period. Finally, Foundry Partners LLC grew its holdings in shares of Mitek Systems by 44.2% in the fourth quarter. Foundry Partners LLC now owns 500,610 shares of the software maker's stock valued at $5,572,000 after purchasing an additional 153,415 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. HC Wainwright reiterated a "buy" rating and issued a $13.00 target price on shares of Mitek Systems in a report on Tuesday, February 11th. Maxim Group lifted their price target on shares of Mitek Systems from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, Wall Street Zen upgraded Mitek Systems from a "buy" rating to a "strong-buy" rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $12.88.

Mitek Systems Trading Up 2.0%

NASDAQ MITK traded up $0.18 during trading hours on Friday, reaching $9.36. The company had a trading volume of 1,405,611 shares, compared to its average volume of 563,761. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $423.48 million, a P/E ratio of 104.00 and a beta of 1.11. The stock has a 50-day moving average of $8.53 and a 200 day moving average of $9.39. Mitek Systems, Inc. has a 1-year low of $6.93 and a 1-year high of $13.72.

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

About Mitek Systems

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.