Mitek Systems, Inc. (NASDAQ:MITK) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in Mitek Systems, Inc. (NASDAQ:MITK - Free Report) by 105.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 169,837 shares of the software maker's stock after buying an additional 87,259 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.38% of Mitek Systems worth $1,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MITK. Quarry LP bought a new stake in Mitek Systems in the fourth quarter valued at about $31,000. Canada Pension Plan Investment Board bought a new stake in Mitek Systems in the fourth quarter valued at about $39,000. Ancora Advisors LLC acquired a new position in Mitek Systems in the fourth quarter valued at approximately $67,000. 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. Finally, KLP Kapitalforvaltning AS acquired a new position in Mitek Systems in the fourth quarter valued at approximately $105,000. 83.64% of the stock is owned by institutional investors.

Mitek Systems Stock Performance

Shares of NASDAQ MITK traded down $0.25 during midday trading on Friday, hitting $9.45. 270,728 shares of the company's stock were exchanged, compared to its average volume of 561,634. 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 stock's 50 day moving average price is $8.51 and its 200-day moving average price is $9.39. The firm has a market cap of $427.56 million, a P/E ratio of 105.00 and a beta of 1.11. Mitek Systems, Inc. has a twelve month low of $6.93 and a twelve month 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. The business had revenue of $51.93 million during the quarter, compared to the consensus estimate of $47.21 million. Mitek Systems had a return on equity of 16.53% and a net margin of 2.59%. Mitek Systems's quarterly revenue was up 10.4% on a year-over-year basis. Equities research analysts anticipate that Mitek Systems, Inc. will post 0.59 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on MITK shares. HC Wainwright restated a "buy" rating and issued a $13.00 target price on shares of Mitek Systems in a research note on Tuesday, February 11th. Wall Street Zen downgraded Mitek Systems from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Finally, Maxim Group lifted their target price 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.