Mitek Systems, Inc. (NASDAQ:MITK) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC reduced its stake in Mitek Systems, Inc. (NASDAQ:MITK) by 31.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 517,484 shares of the software maker’s stock after selling 239,376 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Mitek Systems were worth $5,760,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MITK. Impax Asset Management Group plc acquired a new position in shares of Mitek Systems in the 4th quarter worth approximately $5,565,000. Invenomic Capital Management LP acquired a new position in shares of Mitek Systems in the 3rd quarter worth approximately $4,068,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Mitek Systems in the 4th quarter worth approximately $1,259,000. Capstone Investment Advisors LLC acquired a new position in shares of Mitek Systems in the 3rd quarter worth approximately $680,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Mitek Systems by 357.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 82,578 shares of the software maker’s stock worth $716,000 after acquiring an additional 64,509 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mitek Systems

In other news, CEO Edward H. West acquired 55,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $9.21 per share, with a total value of $506,550.00. Following the transaction, the chief executive officer now owns 55,000 shares in the company, valued at approximately $506,550. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Mitek Systems Price Performance

Shares of MITK opened at $8.70 on Friday. Mitek Systems, Inc. has a fifty-two week low of $7.35 and a fifty-two week high of $16.24. The firm’s 50 day moving average price is $9.98 and its 200 day moving average price is $9.47. The company has a quick ratio of 4.59, a current ratio of 4.59 and a debt-to-equity ratio of 0.73. The company has a market cap of $393.62 million, a P/E ratio of 96.67 and a beta of 1.08.

Mitek Systems (NASDAQ:MITK) last announced its quarterly earnings data 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%. On average, research analysts forecast that Mitek Systems, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MITK. StockNews.com lowered shares of Mitek Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. HC Wainwright reaffirmed a “buy” rating and set a $13.00 target price on shares of Mitek Systems in a research note on Tuesday, February 11th. Finally, Maxim Group upped their target price on shares of Mitek Systems from $13.00 to $14.00 and gave the stock 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.88.

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.