Impax Asset Management Group plc Buys 210,000 Shares of Mitek Systems, Inc. (NASDAQ:MITK)

Impax Asset Management Group plc lifted its position in shares of Mitek Systems, Inc. (NASDAQ:MITK - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 720,349 shares of the software maker's stock after acquiring an additional 210,000 shares during the quarter. Impax Asset Management Group plc owned approximately 1.58% of Mitek Systems worth $9,393,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates grew its stake in shares of Mitek Systems by 1.8% during the fourth quarter. Raymond James & Associates now owns 73,243 shares of the software maker's stock worth $955,000 after purchasing an additional 1,274 shares during the period. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Mitek Systems during the fourth quarter worth $332,000. North Star Investment Management Corp. grew its stake in shares of Mitek Systems by 4,261.7% during the fourth quarter. North Star Investment Management Corp. now owns 116,675 shares of the software maker's stock worth $1,521,000 after purchasing an additional 114,000 shares during the period. American Century Companies Inc. grew its stake in shares of Mitek Systems by 41.7% during the third quarter. American Century Companies Inc. now owns 25,929 shares of the software maker's stock worth $278,000 after purchasing an additional 7,629 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Mitek Systems by 27.7% during the third quarter. Deutsche Bank AG now owns 21,828 shares of the software maker's stock worth $234,000 after purchasing an additional 4,729 shares during the period. Institutional investors own 83.64% of the company's stock.

Mitek Systems Trading Up 3.3 %

NASDAQ:MITK traded up $0.47 on Thursday, reaching $14.66. The company's stock had a trading volume of 686,047 shares, compared to its average volume of 412,931. Mitek Systems, Inc. has a 1-year low of $8.77 and a 1-year high of $14.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.69 and a current ratio of 3.69. The firm has a market cap of $685.94 million, a PE ratio of 90.82 and a beta of 1.09. The business's 50-day moving average price is $12.58 and its two-hundred day moving average price is $11.83.

Mitek Systems (NASDAQ:MITK - Get Free Report) last posted its earnings results on Tuesday, March 19th. The software maker reported $0.10 earnings per share (EPS) for the quarter. Mitek Systems had a return on equity of 17.83% and a net margin of 4.25%. The firm had revenue of $37.66 million during the quarter. Equities research analysts anticipate that Mitek Systems, Inc. will post 0.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MITK shares. HC Wainwright reaffirmed a "buy" rating and set a $19.00 price objective on shares of Mitek Systems in a research note on Wednesday, March 20th. Craig Hallum started coverage on Mitek Systems in a research note on Thursday, December 14th. They set a "buy" rating and a $17.00 price objective for the company. Finally, StockNews.com cut Mitek Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 21st.

Mitek Systems 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.