Janus Henderson Group PLC Lowers Holdings in Mitek Systems, Inc. (NASDAQ:MITK)

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

A number of other hedge funds have also added to or reduced their stakes in MITK. Quarry LP purchased a new stake in Mitek Systems during the fourth quarter worth $31,000. Canada Pension Plan Investment Board bought a new stake in Mitek Systems during the fourth quarter valued at about $39,000. Ancora Advisors LLC purchased a new position in Mitek Systems in the fourth quarter valued at about $67,000. Avior Wealth Management LLC raised its holdings 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 worth $96,000 after purchasing an additional 1,700 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Mitek Systems during the fourth quarter valued at about $105,000. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Maxim Group lifted their price objective on shares of Mitek Systems from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. HC Wainwright reaffirmed a "buy" rating and issued a $13.00 price target on shares of Mitek Systems in a 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 investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $12.88.

Mitek Systems Stock Performance

Mitek Systems stock traded up $0.02 during mid-day trading on Friday, reaching $9.20. 41,122 shares of the company traded hands, compared to its average volume of 480,012. The firm's fifty day moving average is $8.53 and its two-hundred day moving average is $9.39. The company has a market capitalization of $416.24 million, a price-to-earnings ratio of 102.22 and a beta of 1.11. Mitek Systems, Inc. has a fifty-two week low of $6.93 and a fifty-two week 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.

Mitek Systems (NASDAQ:MITK - Get Free Report) last released its earnings results on Thursday, May 8th. The software maker reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.10. The firm had revenue of $51.93 million for 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%. The firm's revenue was up 10.4% on a year-over-year basis. On average, equities research analysts expect that Mitek Systems, Inc. will post 0.59 earnings per share 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.