Oxford Asset Management LLP Purchases Shares of 36,886 Mitek Systems, Inc. (NASDAQ:MITK)

Oxford Asset Management LLP bought 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 & Exchange Commission. The firm bought 36,886 shares of the software maker's stock, valued at approximately $411,000. Oxford Asset Management LLP owned approximately 0.08% of Mitek Systems as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MITK. Avior Wealth Management LLC grew 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 buying an additional 1,700 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Mitek Systems by 16.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 20,646 shares of the software maker's stock valued at $230,000 after purchasing an additional 2,865 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Mitek Systems during the 4th quarter worth $39,000. Price T Rowe Associates Inc. MD lifted its position in shares of Mitek Systems by 11.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,912 shares of the software maker's stock worth $411,000 after buying an additional 3,657 shares during the last quarter. Finally, Barclays PLC boosted its stake in Mitek Systems by 5.0% in the fourth quarter. Barclays PLC now owns 82,142 shares of the software maker's stock valued at $914,000 after buying an additional 3,933 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Mitek Systems Trading Up 2.1 %

Shares of Mitek Systems stock traded up $0.17 during trading on Friday, hitting $8.27. The company's stock had a trading volume of 154,108 shares, compared to its average volume of 567,409. The stock has a market cap of $374.17 million, a price-to-earnings ratio of 91.83 and a beta of 1.15. 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, Inc. has a 52 week low of $6.93 and a 52 week high of $14.32. The stock has a 50-day moving average price of $8.47 and a two-hundred day moving average price of $9.34.

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

Insiders Place Their Bets

In other news, CEO Edward H. West bought 55,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average price of $9.21 per share, with a total value of $506,550.00. Following the completion of the purchase, the chief executive officer now directly owns 55,000 shares of the company's stock, valued at approximately $506,550. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MITK shares. Maxim Group increased their target price on shares of Mitek Systems from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. HC Wainwright reissued a "buy" rating and issued a $13.00 price objective on shares of Mitek Systems in a research note on Tuesday, February 11th. Finally, StockNews.com cut shares of Mitek Systems from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mitek Systems has an average rating of "Moderate Buy" and an average target price of $12.88.

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.