XTX Topco Ltd Purchases New Position in Mitek Systems, Inc. (NASDAQ:MITK)

XTX Topco Ltd acquired a new stake in shares of Mitek Systems, Inc. (NASDAQ:MITK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 31,229 shares of the software maker's stock, valued at approximately $348,000. XTX Topco Ltd owned approximately 0.07% of Mitek Systems at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp lifted its position in Mitek Systems by 3.8% during the third quarter. State Street Corp now owns 1,306,351 shares of the software maker's stock worth $11,326,000 after buying an additional 47,418 shares in the last quarter. Barclays PLC grew its holdings in shares of Mitek Systems by 335.6% in the third quarter. Barclays PLC now owns 78,209 shares of the software maker's stock valued at $679,000 after purchasing an additional 60,256 shares during the period. JPMorgan Chase & Co. increased its position in Mitek Systems by 15.5% during the third quarter. JPMorgan Chase & Co. now owns 262,956 shares of the software maker's stock worth $2,280,000 after purchasing an additional 35,301 shares during the last quarter. SG Americas Securities LLC raised its stake in Mitek Systems by 24.8% during the fourth quarter. SG Americas Securities LLC now owns 21,325 shares of the software maker's stock worth $237,000 after purchasing an additional 4,237 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings 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 purchasing an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Insider Transactions at Mitek Systems

In other Mitek Systems news, CEO Edward H. West bought 55,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was bought at an average price of $9.21 per share, for a total transaction of $506,550.00. Following the completion of the transaction, the chief executive officer now owns 55,000 shares in the company, valued at approximately $506,550. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MITK. Maxim Group upped their price objective on Mitek Systems from $13.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. HC Wainwright reiterated 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 Mitek Systems from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.88.

Mitek Systems Stock Down 0.4 %

Shares of NASDAQ MITK traded down $0.03 during midday trading on Tuesday, hitting $8.34. 19,492 shares of the company's stock were exchanged, compared to its average volume of 567,450. Mitek Systems, Inc. has a twelve month low of $6.93 and a twelve month high of $14.32. The company has a market cap of $377.33 million, a PE ratio of 92.49 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. The firm's fifty day simple moving average is $8.54 and its 200-day simple moving average is $9.36.

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

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.