Jefferies Financial Group Inc. Acquires New Holdings in Mitek Systems, Inc. (NASDAQ:MITK)

Jefferies Financial Group Inc. purchased a new position in shares of Mitek Systems, Inc. (NASDAQ:MITK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 made changes to their positions in the company. Quarry LP acquired a new stake in shares of Mitek Systems during the fourth quarter worth approximately $31,000. Canada Pension Plan Investment Board bought a new position in Mitek Systems during the fourth quarter worth $39,000. Ancora Advisors LLC bought a new position in Mitek Systems during the fourth quarter worth $67,000. Avior Wealth Management LLC lifted its stake in Mitek Systems by 24.7% during 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 during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Mitek Systems during the fourth quarter worth $105,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Mitek Systems Stock Performance

MITK stock traded up $0.12 during mid-day trading on Friday, reaching $9.77. The company had a trading volume of 427,566 shares, compared to its average volume of 563,435. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $442.03 million, a P/E ratio of 108.56 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 stock's 50-day simple moving average is $8.44 and its two-hundred day simple moving average is $9.36.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Maxim Group raised their price objective 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 restated a "buy" rating and set a $13.00 price objective on shares of Mitek Systems in a research note on Tuesday, February 11th. Finally, StockNews.com upgraded Mitek Systems from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 12th. One 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $12.88.

Insider Buying and Selling at Mitek Systems

In related news, CEO Edward H. West bought 55,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $9.21 per share, for a total transaction of $506,550.00. Following the completion of the purchase, the chief executive officer now owns 55,000 shares of the company's stock, valued at $506,550. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by company insiders.

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.