Knights of Columbus Asset Advisors LLC Has $3.11 Million Holdings in Mitek Systems, Inc. (NASDAQ:MITK)

Knights of Columbus Asset Advisors LLC grew its holdings in shares of Mitek Systems, Inc. (NASDAQ:MITK - Free Report) by 65.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,678 shares of the software maker's stock after buying an additional 94,454 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.52% of Mitek Systems worth $3,112,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its position in shares of Mitek Systems by 88.5% during the third quarter. Tower Research Capital LLC TRC now owns 3,142 shares of the software maker's stock worth $29,000 after purchasing an additional 1,475 shares during the last quarter. Point72 Middle East FZE bought a new position in shares of Mitek Systems during the fourth quarter worth about $40,000. Quarry LP lifted its position in shares of Mitek Systems by 536.0% during the first quarter. Quarry LP now owns 4,738 shares of the software maker's stock worth $45,000 after purchasing an additional 3,993 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Mitek Systems by 66.4% during the third quarter. Royal Bank of Canada now owns 4,954 shares of the software maker's stock worth $46,000 after purchasing an additional 1,977 shares during the last quarter. Finally, Ensign Peak Advisors Inc bought a new position in shares of Mitek Systems during the third quarter worth about $59,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Wall Street Analyst Weigh In

MITK has been the topic of several research analyst reports. StockNews.com raised shares of Mitek Systems from a "hold" rating to a "buy" rating in a research report on Wednesday. Craig Hallum raised their target price on shares of Mitek Systems from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Finally, HC Wainwright reissued a "buy" rating and issued a $19.00 target price on shares of Mitek Systems in a report on Tuesday, April 16th.

Mitek Systems Stock Performance

NASDAQ MITK traded up $0.20 during trading hours on Friday, reaching $12.18. The company's stock had a trading volume of 1,030,878 shares, compared to its average volume of 743,787. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.66. The business has a 50-day simple moving average of $12.68 and a 200 day simple moving average of $11.98. Mitek Systems, Inc. has a 52 week low of $8.77 and a 52 week high of $16.24. The stock has a market cap of $569.90 million, a PE ratio of -173.98 and a beta of 1.09.

Mitek Systems (NASDAQ:MITK - Get Free Report) last issued its earnings results on Tuesday, March 19th. The software maker reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $37.66 million for the quarter. Mitek Systems had a net margin of 4.25% and a return on equity of 17.83%. Equities research analysts predict that Mitek Systems, Inc. will post 0.78 earnings per share for the current fiscal year.

About Mitek Systems

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.