Janus Henderson Group PLC Sells 54,390 Shares of Mitek Systems, Inc. (NASDAQ:MITK)

Janus Henderson Group PLC reduced its holdings in shares of Mitek Systems, Inc. (NASDAQ:MITK - Free Report) by 73.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,362 shares of the software maker's stock after selling 54,390 shares during the quarter. Janus Henderson Group PLC's holdings in Mitek Systems were worth $215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its stake in Mitek Systems by 5.0% during 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 increased its stake in Mitek Systems by 13.3% in the 4th quarter. Deutsche Bank AG now owns 150,579 shares of the software maker's stock worth $1,676,000 after purchasing an additional 17,725 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Mitek Systems by 1.5% during the 4th quarter. Ameriprise Financial Inc. now owns 655,656 shares of the software maker's stock worth $7,297,000 after buying an additional 9,894 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Mitek Systems during the 4th quarter worth about $114,000. Finally, Wells Fargo & Company MN lifted its position in shares of Mitek Systems by 21.4% in the 4th quarter. Wells Fargo & Company MN now owns 31,644 shares of the software maker's stock valued at $352,000 after acquiring an additional 5,574 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MITK. Maxim Group raised their price target on Mitek Systems from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. HC Wainwright reissued a "buy" rating and issued a $13.00 price objective on shares of Mitek Systems in a research note on Tuesday, February 11th. Finally, Wall Street Zen downgraded Mitek Systems from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.88.

Mitek Systems Trading Down 0.6%

Shares of MITK stock traded down $0.06 on Thursday, reaching $9.16. 155,497 shares of the stock were exchanged, compared to its average volume of 559,575. The stock has a market cap of $414.21 million, a PE ratio of 101.83 and a beta of 1.11. Mitek Systems, Inc. has a one year low of $6.93 and a one year high of $13.72. 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 has a 50 day moving average price of $8.53 and a 200 day moving average price of $9.39.

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

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.