Natixis Makes New $1.11 Million Investment in Mitek Systems, Inc. (NASDAQ:MITK)

Natixis purchased a new stake in Mitek Systems, Inc. (NASDAQ:MITK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the software maker's stock, valued at approximately $1,113,000. Natixis owned 0.22% of Mitek Systems as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MITK. Canada Pension Plan Investment Board bought a new position in Mitek Systems in the fourth quarter valued at approximately $39,000. Avior Wealth Management LLC raised its position in Mitek Systems by 24.7% in the 4th quarter. Avior Wealth Management LLC now owns 8,595 shares of the software maker's stock valued at $96,000 after buying an additional 1,700 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Mitek Systems in the 4th quarter valued at approximately $105,000. Y Intercept Hong Kong Ltd acquired a new position in Mitek Systems during the 4th quarter worth approximately $114,000. Finally, Lazari Capital Management Inc. bought a new position in shares of Mitek Systems during the 4th quarter worth approximately $117,000. Institutional investors own 83.64% of the company's stock.

Mitek Systems Stock Performance

Shares of MITK traded down $0.02 during midday trading on Tuesday, reaching $8.35. The stock had a trading volume of 34,082 shares, compared to its average volume of 567,508. The company has a current ratio of 4.59, a quick ratio of 4.59 and a debt-to-equity ratio of 0.73. The firm has a 50 day simple moving average of $8.54 and a 200-day simple moving average of $9.36. The firm has a market cap of $377.79 million, a PE ratio of 92.79 and a beta of 1.15. Mitek Systems, Inc. has a one year low of $6.93 and a one year high of $14.32.

Mitek Systems (NASDAQ:MITK - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The software maker reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). Mitek Systems had a return on equity of 16.53% and a net margin of 2.59%. As a group, sell-side analysts anticipate that Mitek Systems, Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MITK shares. Maxim Group boosted 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. StockNews.com cut shares of Mitek Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, HC Wainwright reiterated a "buy" rating and set a $13.00 target price on shares of Mitek Systems in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Mitek Systems presently has an average rating of "Moderate Buy" and an average target price of $12.88.

Insider Activity at Mitek Systems

In related news, CEO Edward H. West acquired 55,000 shares of Mitek Systems stock in a transaction on Thursday, February 20th. The stock was purchased at an average cost of $9.21 per share, with a total value of $506,550.00. Following the completion of the transaction, the chief executive officer now directly owns 55,000 shares in the company, valued at $506,550. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is 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.